The US Commodity Futures Trading Commission (CFTC) has just given the green light for the US regulated Bitcoin derivatives exchange and clearinghouse LedgerX to settle non-crypto derivatives.
According to the statement shared by the regulator, LedgerX "is authorized to provide clearing services for fully-collateralized futures and options on futures in addition to the previously authorized swaps, and will no longer be limited to clearing digital currency products."
With this approval, the company will be able to offer non-crypto derivatives products.
The company reportedly submitted its request to the regulator to extend its services in June:
"On June 23, 2020, LedgerX amended its request to additionally ask the Commission to remove the “digital currency” limitation in the product scope. The Commission has reviewed the request, along with supporting information, and finds that the requested amendment is consistent with the requirements of the Act and applicable regulations thereunder, but has identified additional terms and conditions necessary to ensure LedgerX’s compliance with the Act and applicable Part 39 regulations."
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.