Institutional exchange Seed CX began testing the deliverable bitcoin swaps

Based in Chicago, the Seed crypto currency exchange CX the start of the final stage of testing deliverable margin bitcoin swaps, according to The Block.

According to representatives of the Seed SEF, specializing in the swap unit exchanges, testing will continue throughout August. If the results are successful, after approval by the regulator the new product will be available in the United States.

«We are working closely with the Commission on commodity futures trading (CFTC) and hope to be able to conduct a public launch of the product in the next three months», — said CEO and co-founder of Seed CX Edward Woodford.

Woodford stressed that the company’s first U.S. examines bitcoin swaps, involve the physical delivery of the underlying asset and the possibility of trading with leverage. Other cryptodermatinae products in the us market involve only cash payments and full maintenance.

Seed SEF will be presented weekly and monthly contracts, as I hope the company will be institutional clients, hedge funds and mining pools.

Recall that a month ago CX Seed received Regulations from the office of financial services of the state of new York.

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