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    Home » The CFTC approved the launch of the first US Bitcoin futures contract (BTC)

    The CFTC approved the launch of the first US Bitcoin futures contract (BTC)

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    By BlockchainJournal on June 26, 2019 News
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    The CFTC approved the launch of the first US Bitcoin Delivery Futures (BTC)

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    Cryptocurrency derivatives provider LedgerX LLC has received a license from the Authorized Derivatives Market (DCM) from the US Stock Exchange Trading Commission (CFTC), which will allow it to launch the country's first bitcoin futures .

    So, the calculations for deliverable futures are made in the underlying asset, and not in fiatnyh funds. Thus, LedgerX outstripped the Bakkt, ErisX and Seed CX platforms, which are still awaiting regulatory approval.

    #Bitcoin derivatives trading! The CFTC has officially approved our DCM application! https://t.co/D8ZkhdQWc2

    – LedgerX (@ledgerx) June 25, 2019

    At the same time, LedgerX intends to launch the Omni platform for trading options, swaps and futures on Bitcoin (BTC) for retail investors, because at the moment does not see sufficient interest from institutional market participants.

    However, it should be added that some experts have already expressed fears that the nature of the license received will not allow LedgerX to provide margin tools to customers, and Bakkt should have such functionality.

    About intentions to receive the corresponding permission and to overtake competitors LedgerX has declared in April.

    Publication date 06/26/2019
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