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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
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