As the old adage goes, “If something can go wrong, it will.” Unfortunately, LedgerX, a current issuer of options and swaps in the U.S., was primed and ready to be the first firm to offer “real” Bitcoin futures contracts, ones that “physically settle in kind”, not in cash. In fact, it had announced proudly that…
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We sometimes forget that our regulatory bodies have more to do than just look at crypto exchanges and the markets they serve. Representatives of these august bodies often have speaking engagements in other industry sectors, where they often share their opinions on the major topics of the day. For example, the Chairman of the U.S.…
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Still awaiting regulatory approval, the we last heard from LedgerX, a swap execution facility (SEF) for bitcoin options was in 2015 when the CFTC issued temporary registration status. Hoping to push forward, the company announced today closing of a Series B round of $11.4 million in financing. Led by Miami International Holdings Inc. and Huiyin Blockchain…
Read moreUsing the Ancoa platform, LedgerX will be able to instantaneously identify and investigate manipulative behaviors and suspicious trading practices on its own exchange, across other derivatives exchanges and across the multitude of bitcoin spot markets
Read moreLedgerX has applied for registration with the US Commodity Futures Trading Commission as a swap execution facility and a derivatives clearing organization. LedgerX intends to initially list bitcoin option contracts...
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