LedgerX develops an institutional derivatives exchange platform for digital currencies.
LedgerX is a bitcoin futures, options and swaps exchange, headquartered in New York City and regulated by the US Commodity Futures Trading Commission (CFTC). LedgerX is available 24/7 and offers physical settlement of all contracts and block trading and marketing making opportunities for institutional investors. Since launching in 2017, LedgerX has cleared over 10 million options and swaps contracts.
LedgerX pioneered the bitcoin mini contracts in the US. Our mini contracts have an underlying notional of 0.01 BTC, enabling granular trading and ensuring market scalability as bitcoin prices trend upwards.
With the growing crackdown on digital currency trading platforms around the world, FTX Derivatives exchange is quite focused on getting it right with market watchdogs, a move that is currently been shown by its recent acquisitions.
It is important to note that despite the acquisition, no material impact is expected to occur on LedgerX operations as it will continue to provide its current offerings to its existing customer base.
According to the recent data from Skew, Bitcoin options trading is becoming more popular in the market than futures or swaps.