RATE Group | LedgerX Claims ‘Record’ July for Bitcoin Options Trading
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LedgerX Claims ‘Record’ July for Bitcoin Options Trading

07 Aug LedgerX Claims ‘Record’ July for Bitcoin Options Trading

Posted at 04:37h in Bitcoin News by

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Bitcoin derivatives trading provider LedgerX says it saw a “record” amount of trading volume over the last two months.

The firm cleared $50 million in derivatives volume in July alone, president and chief risk officer Juthica Chou told CoinDesk. Earlier this month, the firm also executed its largest trade to date for a December $15,000 strike call.

Partly in response to increased client demand, LedgerX launched a new bitcoin purchasing system last month. Called one-click bitcoin, the service acts as a “one-stop shop” for institutional or high net-worth clients to buy bitcoin easily through a federally-regulated platform, Chou said. The service is built on top of the LedgerSavings platform LedgerX debuted in May.

The demand for this type of product is high, Chou said.

“[One-click bitcoin] was born out of a lot of the customer demand that we’ve seen. I think it’s showing that derivatives and options are really useful long-term products and they can offer killer solutions to a…

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