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Binance

LedgerX, the first CFTC-regulated cryptocurrency asset management platform to offer physically-settled Bitcoin (BTC) derivatives, has obtained regulatory approval as a designated contract market.

According to the recent announcement, LedgerX will soon begin to offer Bitcoin spot and physically settled derivatives contracts, including options and futures, to retail clients of any size.

“The license will allow retail to directly invest, and they will represent the majority of the market,” CEO Paul Cho told Bloomberg. “Retail investors are the ones that drove Bitcoin to this level.”

LedgerX notes that investors will have to deposit at least $10,000 in dollars or Bitcoins to begin trading initially, but the minimum deposit will go down to zero within a year.

As we previously reported, LedgerX also recently launched the LedgerX Volatility Index (LXVX), a price volatility index.

More: CFTC Approves LedgerX LLC as a Designated Contract Market
Related: LedgerX Launches a Benchmark Bitcoin (BTC) Volatility Index

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Voyager

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