LedgerX Launches Deliverable Bitcoin Futures First, Beating Bakkt

LedgerX Launches Deliverable Bitcoin Futures First, Beating Bakkt

LedgerX exchange launches physically settled Bitcoin mini futures

LedgerX has announced the start of trading bitcoin futures contracts backed by real-world coins. The tool is available not only to institutional but also to retail investors.

According to CoinDesk, LedgerX has officially launched deliverable bitcoin futures. This means that after given contract, investors will be receive directly cryptocurrency, not monetary equivalent.

General director company Paul Chow also said that customers may not at all use fiat and banking the system at work from new trading instrument, buying bitcoin futures. it will allow avoid waiting for transfers and other restrictions.

The offered products are available not only to institutional investors but also to retail traders. All US citizens who have passed the KYC procedure, may work with futures on the Omni platform.

LedgerX Launches Deliverable Bitcoin Futures First, Beating Bakkt

While many expected the cryptocurrency market to explode after the launch of Bakkt’s bitcoin futures, LedgerX not only outpaced its subsidiary. Intercontinental Exchange, but also offered much more flexible terms targeting a wide audience. Although it’s too early to draw conclusions, insofar as only time will tell which of the projects will be more successful. TO to that ErisX, backed by TD Ameritrade, should also be an additional competitor..

Nonetheless, market welcomed the news of the launch of the first secured bitcoin futures. After the publication of the news, the course MTC began to rise rapidly and beyond the last three hours rose more than for $ 300, and overcame again the $ 10,000 mark. Perhaps this impulse will be able reverse the downtrend and help recover positions lost over time «cold july».

text: Ivan Malichenko, a photo: nttdata

LedgerX Launches Deliverable Bitcoin Futures First, Beating Bakkt

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