LedgerX snags license from CFTC, clearing the way for first physically delivered futures and swaps in US

Quick Take

  • LedgerX, the crypto derivatives exchange and clearinghouse, has secured the licenses it says will clear the way for physically delivered bitcoin futures – beating both Bakkt and ErisX to the mark
  • Still, questions remain about the specific nature of the contracts on offer and their appeal
LedgerX is preparing to launch its physically delivered bitcoin futures product after clinching a so-called designated contract market license from the Commodities Futures Trading Commission.  The firm, which is better known for supporting the trading of options tied to bitcoin, has taken the lead from U.S.-based crypto exchanges Bakkt, Seed CX, and ErisX, which are […]

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