The New York-based cryptocurrency trading platform, LedgerX, announced its plan to create Bitcoin options contracts. LedgerX Receives CFTC Approval On July 24, the cryptocurrency trading platform LedgerX, officially got approval by the U.S. Commodity Futures Trading Commission, to operate as a federally-regulated exchange and decided to announce its plans to offer Bitcoin options contracts. In an official press release, the New York-based platform explained in detail its plan to create one to six month Bitcoin options
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LedgerX is a trading and clearing platform exchange dealing with Bitcoin. The company is currently seeking for regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) to start dealing with bitcoin. If approved, LedgerX will be the first federally regulated bitcoin exchange and clearing house to list bitcoin options for the institutional market.