CFTC approves LedgerX Bitcoin Term Derivatives (BTC)



AtlantisFX | The Commodity Futures Trading Commission (CFTC) has licensed the LedgerX bitcoin derivatives provider to offer futures contracts.


The commission said Tuesday that it had approved LedgerX's application for a Designated Contract Contract (DCM) license, which means that the company can now offer new futures contracts. This is only the second company to receive approval of this type, but other companies such as Bakkt, Seed CX and ErisX are planning to enter this market.


Unlike cash futures and quoted by the Chicago Cboe and CME stock exchanges, in physically settled futures contracts the buyer receives the underlying proceeds at the end of the contract rather than the fiat equivalent.


This new authorization means that LedgerX can offer these products to individual and only institutional clients.

Link

Tel: USA          +1 323-616-1045   

UK            +44 772-357-7272  

Whatsapp  +358-413-652075

  • Facebook

Design by: AtlantisFX