RATE Group | Bitcoin First as LedgerX Launches Regulated Physical Futures on US Market
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Bitcoin First as LedgerX Launches Regulated Physical Futures on US Market

31 Jul Bitcoin First as LedgerX Launches Regulated Physical Futures on US Market

Posted at 18:21h in Bitcoin News by

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United States Bitcoin (BTC) derivatives provider LedgerX has officially launched physical Bitcoin futures trading, becoming the first to do so on the domestic market.

In an announcement on social media July 31, LedgerX said its physical futures offering was live on its Omni trading platform. 

“It’s official: we’re live with retail trading on Omni!” officials confirmed. 

Physical Bitcoin futures differ from those offered by some of the first operators in 2017. Rather than merely gaining exposure to Bitcoin, investors take delivery of it, requiring them to understand how to interact with it in addition to betting on its price. 

LedgerX’s debut follows receipt of the requisite license from U.S. regulator the Commodity Futures Trading Commission (CFTC) late last month. Trading on Omni is open only to U.S. and Singapore residents, subject to a minimum deposit of $10,000 or 1 BTC (at press time equal to $9,995).

The U.S. market was previously vacant, with LedgerX the sole incumbent…

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