RATE Group | Cryptocurrency Options Platform LedgerX Will Launch Ether Contracts
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Cryptocurrency Options Platform LedgerX Will Launch Ether Contracts

26 Sep Cryptocurrency Options Platform LedgerX Will Launch Ether Contracts

Posted at 01:02h in Cryptocurrency News by

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Ethereum price ether ETH

Institutional bitcoin derivatives platform LedgerX is reportedly preparing to expand its cryptocurrency product line to include ether, the native asset of Ethereum.

The U.S. firm, which was the first trading platform to receive approval from the Commodity Futures Trading Commission (CFTC) to list bitcoin derivatives, has developed a line of ether options and is ready to roll them out once it gets the go-ahead from regulators, industry publication The Block reports.

While LedgerX has not confirmed the news publicly, the report cites a source familiar with the company who says that the rollout could follow a CFTC meeting on Oct. 5, if regulators at the agency are sufficiently comfortable with the product.

LedgerX began offering bitcoin derivatives in Oct. 2017, two months before CBOE and CME launched their bitcoin futures contracts. At present, the firm offers next-day swaps, which are essentially one-day futures contracts settled in “physical” bitcoin, and options,…

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