LedgerX Becomes First U.S. Company to Launch Bitcoin Futures
AP Photo/Nam Y. Huh
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Aug. 1, 2019
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LedgerX has just announced the launch of the first regulated bitcoin futures contracts with physical settlement in the U.S., CoinDesk reports.

After receiving approval from the U.S. Commodity Futures Trading Commission (CFTC) in June, LedgerX launched its OMNI platform last week.

Starting yesterday, U.S. institutional and retail investors can exchange options and futures on LedgerX's Omni platform.

They can use dollars or bitcoins to buy contracts at LedgerX. At the expiration of the contract, investors will receive bitcoins instead of fiat money. The possibility of depositing bitcoins as collateral allows customers to avoid the slow bank deposit process.

LedgerX has launched bitcoin futures with physical settlement before Bakkt.

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