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Cryptocurrency derivatives provider LedgerX plans to become the first U.S. firm to offer physically settled bitcoin futures contracts.
The company announced Monday that it has filed for a designated contract market (DCM) license, which would allow LedgerX to offer physically-settled bitcoin futures products to its customers. Unlike the cash-settled bitcoin futures offered by CME Group (and previously, Cboe), customers would receive the actual bitcoin underlying a contract after it expires, rather than the U.S. dollar equivalent.
And perhaps more notably, LedgerX can target retail investors with its new offering, said Juthica Chou, who serves as both chief risk and operating officer at LedgerX.
“We’ll be able to service customers of any size, we won’t be restricted to [institutional clients],” Chou
Read full article » https://www.coindesk.com/ledgerx-reveals-bid-to-beat-bakkt-to-physical-bitcoin-futures-launch
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