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LedgerX Launches First ‘Physical’ Bitcoin Futures in US

The Takeaway


  1. Bitcoin derivatives provider LedgerX announced it has launched the first physically-settled bitcoin futures contracts in the U.S. Wednesday.

  2. The contracts, which pay traders out in bitcoin, rather than U.S. dollars, will be available to both institutional and retail investors.

  3. Customers can deposit bitcoin, rather than dollars, when buying a contract.

  4. LedgerX has beaten the Intercontinental Exchange’s Bakkt and TD Ameritrade-backed ErisX to the punch with its new offering.

Any U.S. resident with a government-issued I.D. can now trade futures contracts for real bitcoin.


Revealed exclusively to CoinDesk, LedgerX has officially launched the first physically-settled bitcoin futures contracts in the U.S., beating the Intercontinental Exchange’s Bakkt and TD Ameritrade-backed ErisX to the punch.


Perhaps more importantly, LedgerX is offering the new product to both institutional and retail investors, allowing anyone who can pass know-your-customer (KYC) processes to trade the contracts, not just institutional clients with millions in assets.


LedgerX CEO Paul Chou told CoinDesk that retail customers can trade the product using his company’s new Omni platform, which recently went live, while institutional clients can trade futures as with any of LedgerX’s other products. Read More at CoinDesk...

#LedgerX #Bakkt #Trading #Futures #BTC

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