The Commodity Futures Trading Commission (CFTC) has approved the application of LedgerX LLC for designation as a bitcoin futures contract market.
LedgerX is a NY-based regulated cryptocurrency asset management platform.
Earlier this year the platform announced the launch of the "LedgerX Volatility Index" (LXVX), which will track the expected price volatility for bitcoin (EXANTE: BTC.EXANTE) based on real-time bitcoin options trading.
With registration as a designated contract market, LedgerX will reportedly be required to demonstrate continued compliance with all applicable provisions of the CEA and CFTC regulations.
Meanwhile, the Chicago Mercantile Exchange (CME) reported that, according to its data, investors' interest in bitcoin futures contracts has reached an all-time high.
Last year CFTC released the second guide about the nature and opportunities of smart contracts, with a reminder that the technology is covered under financial rules.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.