LedgerX Clarifies About False Bitcoin Futures Announcement

So why did LedgerX lie about offering Bitcoin futures to retail customers? Apparently, it was the result of misunderstanding and confusion. Juthica Chou, chief operating officer at the company, implied to online publication Coindesk (which first broke the story) that they thought they’d been cleared to proceed with offering futures because the CFTC had not objected to their application. ““We filed on Nov. 8 and … Continue reading LedgerX Clarifies About False Bitcoin Futures Announcement

LedgerX Launches First Physically-Settled Bitcoin Futures Contracts

LedgerX has begun offering the world’s first physically-settled bitcoin futures contract. Previous offerings of Bitcoin futures contracts have been cash=settled, meaning that the trader receives cash, instead of physical Bitcoin, on contract expiry. The New York-based startup has beaten a number of other startups, such as Bakkt and ErisX, which have similar plans. LedgerX received CFTC approval for its product last month. The contracts are … Continue reading LedgerX Launches First Physically-Settled Bitcoin Futures Contracts