The New York option exchange Ledger X precedes Bakkt. 25. In June, the company received to take the official approval of physically-backed Bitcoin Futures into the program. Another hurdle for the Integration of the traditional financial markets.

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While Bakkt announcement to announcement classified, steals the competition to the top dog, suddenly the Show. The first physically-backed Bitcoin Futures will not come from the home Bakkt. The winner of the race is called the Ledger X.

As CEO Paul Chou in a Blog Post announced that the competent authority shall notify the Commodity Futures Trading Commission (CFTC), the organization of various regulatory licenses. Especially the Status as a derivative Clearing Organization (DCO) would meet in the Bitcoin community with open ears. Because this license allows for Ledger X, physically-backed Bitcoin futures contracts to offer. Target audience the Blog Post, according to both Private and institutional investors. A further step in the direction of institutionalization of the crypto-markets is gone, consequently.

New platform Ledger X Omni launched

investors from the United States and Singapore can register, therefore, effective immediately, the new trading platform, Omni. The speech is short, straightforward registration processes. First of all, it is likely to come out, however, to delays due to possible teething, so Chou.

With the license that we have obtained, able to interact with both Private and institutional investors on the same marketplace,

the CEO writes.

customers must, however, put $ 10,000 behind, before you can participate in the trading of financial products. This is likely to private to deter investors. When the Futures contracts go to the Start, is unclear.

“No doubt, we want to be the first,” said COO Juthica Chou to Blog Post, probably with a view to Bakkt. And further: “We think that we are better positioned and want to be for customers of any size in there.” As a subsidiary of the New York city Intercontinental Exchange Bakkt, however, in the first line institutions.

Meanwhile, wants to start Bakkt from July, with the test operation of its Bitcoin Futures. The crypto-scene associated with it for quite some time, huge hopes on rising prices. However, the necessary license by the New York Department of Financial Services, the Bakkts Custodian, the Digital Asset Custody Company (DACC), is subject to licensing, is still.

This race is likely to decide Ledger X for that.

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