Ledger X can Become the First Platform to Launch Bitcoin Futures Contracts
LegerX, an American crypto derivatives platform, plans to enter the Bitcoin futures market. Yesterday, April 15, it became known that the company had applied for a DCM license, with which it could legally provide access to physically-settled Bitcoin futures products. LedgerX is not the first company to announce efforts to launch physically-delivered Bitcoin futures, but according to the co-founder, Juthica Chou, the company’s experience is comparatively more than their competitors’, which is a good reason for getting approval from the regulator. According to Juthica Chou, this service will be available not only to institutional but also to retail investors:
“We’ll be able to service customers of any size, we won’t be restricted to [institutional clients]”.
Bidding will be held on a specially created LedgerX platform called Omni. It will support futures, swaps, and options, acting as a provider of both depository and trading services based on the LedgerX infrastructure. Currently, there are about 200 companies among LedgerX clients, but with the launch of Bitcoin futures, this number will undoubtedly increase. We want to remind you: https://thecoinshark.net/nasdaq-has-plans-for-bitcoin-futures-regardless-of-the-price-collapse/ Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/