Cryptocurrencies
Retail Derivatives That Pay Out With Bitcoins Approved by CFTC
- LedgerX contracts to debut in July, ‘way ahead’ of many rivals
- Retail ‘will represent the majority of the market,’ CEO says
A coin representing Bitcoin cryptocurrency is reflected on a polished surface as it sits in this arranged photograph in London, U.K.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
Small U.S. retail investors will soon be able to buy derivatives that pay out with Bitcoins.
LedgerX, a U.S.-regulated Bitcoin derivatives exchange and clearinghouse, won approval from the Commodity Futures Trading Commission to serve as a designated contract market that will offer Bitcoin spot and physically settled derivatives contracts, including options and futures, to retail clients of any size.