Bitcoin futures, options could change the cryptocurrency game

Bitcoin futures, options could change the cryptocurrency game

The back story: LedgerX — a clearing and trading opened for business — won Commodity Futures Trading Commission (CFTC) approval in July to offer bitcoin futures; the firm already has about 20 institutional investors, including investment banks, hedge funds, prop trading firms and asset managers on board, and the derivatives contracts it is offering change the game for cryptocurrencies. The first regulated cryptocurrency derivatives trades took place on LedgerX in October; more than $1 million (in notional terms) traded in just the first week, and that figure could grow once more firms look to make a profit in bitcoin. […]

Leave a Reply