The American crypto platform LedgerX is going to provide retail investors with the opportunity to bet that by the end of 2020 the Bitcoin rate will reach $ 100,000.
LedgerX for the first time provides retail investors with access to crypto derivatives, this became possible after the company received permission from the Commodity Futures Trading Commission (CFTC). Institutional clients of LedgerX have had access to derivatives over the past two years.
Paul Chou, CEO of LedgerX, noted that institutional clients, which account for between $ 10 million and $ 1 billion, have already shown interest in a new derivative product for cryptocurrency. Chow added that dozens of institutions are returning to LedgerX in order to take advantage of the new tool. Chow realizes that the $ 100,000 level is serious for Bitcoin, but everyone remembers the time when the cryptocurrency was trading at $ 1, then at $ 10, at $ 100, at $ 10,000. So, the figure of $ 100,000 can be quite real for BTC.
By the way, in June it became known that BitMEX, the world's largest derivatives provider at BTC, recorded record volumes of operations on the platform at a time when the cost reached $ 13,000.
