Provider cryptocurrency derivatives LedgerX plans to become the first U.S. company to launch delivery futures on bitcoin. It is reported by CoinDesk.
Today, April 15, the company announced the intention to license the CFTC, LedgerX which will make the authorized derivatives market (Designated Contract Markets). This, in particular, will provide an opportunity to launch the deliverable futures. The latter differ from the calculation that underlies the physical cryptocurrency, not its dollar value.
Additionally, LedgerX is planning to make a new product available to retail investors.
«We are able to serve all customers, we will not be confined to institutional», — has noted the operating Director of the exchange Jutika Chow.
After receiving approval from the regulator retail customers LedgerX will be able to trade options and futures on a new platform called Omni. The underlying existing infrastructure of the company, which includes trading and custody services.
LedgerX has applied for a license CFTC in November 2018. According to Chow, since the regulator is «constructive dialogue.» While in the company of difficult to identify the approximate timing of the launch of new products.
However, according to Chou, there is every chance that the CFTC will approve the application of LedgerX before its competitors in the face of Bakkt, Seed CX and maintained by the broker TD Ameritrade startup ErisX.
«We are always happy to be the first», — said Chow.
We will remind, in February LedgerX has introduced binary option for bitcoin halving.