US Regulators Approve LedgerX for Derivatives on Digital Currencies - Coin Street

US Regulators Approve LedgerX for Derivatives on Digital Currencies

On July 24, 2017 the US Commodity Futures Trading Commission granted LedgerX the first license to clear and settle derivative contracts for digital currencies.

ledgerx gets regulatory approval

New York based LedgerX becomes the first regulated bitcoin options exchange and is permitted to clear fully collateralized digital currency swaps.  This follows the exchange’s recent authorization by the CFTC as a swap execution facility.

This is big news for digital currency traders who will now be able to hedge the often volatile price movements in the underlying assets.

It also represents the next step in the journey towards regulatory acceptance of digital currencies.

LedgerX’s chief executive, Paul Chou, described it as “an important milestone” for the wider digital currency market.  We agree.

You can read more coverage of LedgerX’s approval here and here.

 

 

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