LedgerX Makes Bid to Launch Physically-Settled BTC Futures Product for Retail Investors

More from: | CoinTelegraph |

United States-regulated crypto derivatives and clearing platform LedgerX is eyeing the launch of a physically-settled bitcoin (BTC) futures contract, the company confirmed to Cointelegraph on April 16.

LedgerX, which is overseen by the U.S. Commodities Future Trading Commission (CFTC), has applied for a designated contract market license that would allow it to launch the new futures product.

Whereas the BTC futures contracts currently listed on CME are ultimately settled in fiat, a physically-settled version would see traders paid out in bitcoin upon contracts’ expiration.

According to LedgerX co-founder Juthica Chou, the license application — reportedly first filed in November 2018 — is focused on bringing the product to a retail investor market.

“We’ve long had the goal


Read full article » https://cointelegraph.com/news/ledgerx-makes-bid-to-launch-physically-settled-btc-futures-product-for-retail-investors

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