Bitcoin Derivatives to Hit the Market Soon

July 25, 2017

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A decision that can easily revolutionize the industry, the economy and the world, has recently been adopted in the United States. The Commodity Futures Trading Commission (CFTC) has approved Ledgerx LLC, an institutional bitcoin derivatives platform. The company will become the first federally-regulated bitcoin options exchange and clearinghouse.
Founded in 2013, the company took four years to finally receive an approval. Ledgerx has already been evaluated by the investors and, according to $11.4 million investment, found to be promising.
Bitcoin options will hit the market during the fall, while ether-based options coming in a few months from that. One- to six-month long contracts will be available to Ledgerx’s clients. The company will also be exempt from Section 39 of the Commodity Exchange Act., which means it won’t need to take monthly stress tests. The exemption comes from the fact that the company won’t provide high-leverage trading opportunities.

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