LedgerX comes Bakkt before. The provider for BTC-derivatives since 31. July the trading of physically settled Bitcoin Futures for both institutional and private investors.
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While Bakkt his physical Bitcoin derivatives are initially in the test phase, has sent, should LedgerX customers since Wednesday, the 31. July, trading BTC Futures record. Both institutional and private investors can register now on the Trading environment Omni – to place, but initially at least $ 10,000 or a BTC behind.
Although it is not at LedgerX in the first U.S. provider of Bitcoin Futures generally; the Chicago Board of options exchange Cboe about futures contracts on BTC for some time. However, investors can trade on LedgerX for the first Time, physically-settled Bitcoin Futures. That is, the settlement of the derivatives is done with physically transferred Bitcoins instead of US dollars.
This has some advantages. For one, it lowers the transaction costs for the investors. Finally, investors can stay with the trade in physical Futures at any time of the Trades in the Bitcoin Ecosystem. Lengthy Fiat Bank transfers on the own Omni-customer account about way to fall. The associated time saving is another Bonus of the BTC Futures.
We really have a lot of customers who don’t need to touch the US Dollar at all. Cash-settled [Futures] have to do with our product in any way,
turns out LedgerX CEO Paul Chou, the appeal of a physical settlement, to Coindesk.
in April LedgerX wanted to go to the Start, the necessary license from the Supervisory authority CFTC, however, came only in July.
professionalization of the Bitcoin market in sight
Bitcoin-derivatives such as the LedgerX fit well into the currently dominant Narrative of the professionalization of the crypto-market. Market observers associate such News with the hope that soon “the Big Money”, so big asset management companies and hedge funds into the market to intervene. Finally, professional investors use only all too keen on unregulated Bitcoin exchanges.
For the overall market mean physically-settled Bitcoin-derivatives: a higher trade – and On-Chain volume. Because the futures contracts expire actual BTC to move “physically” on the Blockchain.
in addition to LedgerX especially Bakkt is considered as a great carrier of hope to send to the courses once again on the moon trip. Since the 22. July Bakkt Bitcoin Futures are still in the test phase, the actually expected Launch is later this year. As soon as the New York Department for Financial Services Warehouse the Bakkt, a kind of storage facility for registered customers-BTC, has approved, are also expected to go to the Bakkt Bitcoin Futures at the Start.
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