RATE Group | What Happened: Why the First Physical Bitcoin Futures Haven’t Launched
56766
post-template-default,single,single-post,postid-56766,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

What Happened: Why the First Physical Bitcoin Futures Haven’t Launched

03 Aug What Happened: Why the First Physical Bitcoin Futures Haven’t Launched

Posted at 14:30h in Bitcoin News by

[ad_1]

UPDATE (August 1, 2019, 19:30 UTC): LedgerX press representative Ryan Gorman told CoinDesk he will no longer be representing the company as of Thursday over ‘concerns‘ about the events of the last 24 hours.

UPDATE (August 1, 2019, 16:10 UTC): In a series of tweets Thursday afternoon, LedgerX CEO Paul Chou said the CFTC asked the company to censor its tweets. He threatened to sue the regulatory agency for “anti competitive behavior, breach of duty, [and] going against the [regulations],” noting the 180-day requirement described below.

LedgerX admitted Thursday it has not launched bitcoin futures, as the firm had previously claimed, after the U.S. Commodity Futures Trading Commission (CFTC) said it had not approved the exchange to do so.

The company previously told CoinDesk it was planning to launch the product on Wednesday. LedgerX would have been the first venue in the U.S. to offer physically-settled bitcoin futures, which are contracts that pay out in the…

[ad_2]

Source link

Tags:
, , , , ,