LedgerX Moves Closer To Becoming a Regulated Exchange For Bitcoin Options
LedgerX, a New York-based trading platform for bitcoin options, has moved closer to becoming the first regulated exchange and clearinghouse to list and clear bitcoin options for the institutional market. The U. S. Commodity Futures Trading Commission (CFTC) has approved LedgerX's application for a temporary registration as a swap execution facility. LedgerX plans to list and clear fully-collateralized, settled options on bitcoin. The next step for the commission is to review the application for full registration. The CFTC approved temporary registration following a comment period from Dec.....
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On Tuesday, West Realm Shire Services Inc., the parent company of the crypto exchange FTX, announced that the firm has acquired the Commodity Futures Trading Commission (CFTC) regulated digital currency futures and options exchange and clearinghouse Ledgerx.
FTX Acquires Virtual Currency Futures and Options Exchange Ledgerx
Ledgerx has been acquired by the cryptocurrency giant FTX, according to an announcement published on August 31. Ledgerx is a popular crypto derivatives platform that has seen “over 10 million crypto options and swap contracts” since 2017.....
LedgerX, an institutional trading platform that hopes to be the first federally regulated derivatives clearing organization for digital-based options, recently received an investment from Miami International Holdings Inc. MIH invested in LedgerX’s parent company, Ledger Holdings, and received a 10-year, exclusive global right to license equity or fixed income products related to digital currencies developed by LedgerX and to develop its own equity or fixed income derivatives based on such LedgerX products to be listed on MIAX Options and MIAX PEARL, MIH’s second options exchange. MIH also....
Federally regulated bitcoin exchanges seem to be becoming a trend. Paul Chou, a consultant and former Goldman Sachs trader is readying LedgerX Bitcoin derivatives exchange and clearing house. LedgerX seems like a service that could help Bitcoin derivatives come a step closer to additional legitimacy by being fully regulated. While working for Goldman Sachs, Chou was responsible for the development of algorithmic strategies for equity trading for U. S. and Japanese markets. He also developed a set of cross-asset strategies and devised a method to unify and optimize the trade flow across....
The wait is almost over for LedgerX, a New York-based bitcoin swaps startup with a board boasting a who's who of financial sector bigwigs. After two years of building, the firm that had already raised $1.5m from Google Ventures, Lightspeed Venture Partners and others, says it is now ready to push for its final approval from the US regulator, the Commodity Futures Trading Commission (CFTC). If granted, LedgerX would be able to launch a federally regulated bitcoin options exchange and the first clearing house to list and clear fully collateralized, physically settled bitcoin options for the....
FTT price soared to a new all-time high after FTX exchange added LedgerX to its ever-expanding list of acquisitions and partnerships. Real-world adoption and brand awareness are one of the best ways for a blockchain project to increase its value and attract new users to users to its ecosystem. One project that has seen massive growth throughout 2021 thanks to its increasing public exposure and exciting protocol launches and partnerships is FTX, a crypto-derivatives trading platform founded by Sam Bankman-Fried and Gary Wang. Data from Cointelegraph Markets Pro and TradingView shows that....