The U.S. Commodities Futures Trading Commission (CFTC) has recently revealed that LedgerX has not yet been given the go signal to offer physically settled bitcoin futures which is opposite to what the company have claimed several days ago.
LedgerX had announced that it has launched its first physically-settled bitcoin futures in the U.S. last Wednesday but it seems with the current announcement by CFTC it seems that they have yet to get the approval to launch from regulatory body.
This means that traders can deposit bitcoin when buying a contract as well as getting paid in Bitcoins rather than the U.S. dollars when contract expires.
It seems the race to who will be able to offer the first Physically settled bitcoin derivatives product is still on as LedgerX, Bakkt and ErisX race to make this a reality.
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Headlines for the world of Cryptocurrencies - July 30, 2019
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Headlines for the world of Cryptocurrencies - July 29, 2019
- Ventures Capitalist Says More Institutions Should Invest On Bitcoin
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- The Highest Trade Ever, Literally
- Incorporating Crypto Into Sports
- Ripple Asks For Crypto Fair Cryptocurrency Regulations
