Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Cryptocurrencies

LedgerX to become a federally regulated digital currency exchange

Thursday 27 July 2017 | 11:04 AM CET

The US Commodity Futures Trading Commission has granted LedgerX registration as a clearing house for derivatives contracts settling in digital currencies.

LedgerX, a cryptocurrency trading platform operator which is backed by Alphabet’s venture-capital arm, aims to provide institutional investors the ability to hedge against price swings in digital currencies in the same way they protect against volatility in other assets.

The company plans to offer one to six-month bitcoin-to-dollars options contracts in late September to early October 2017. Contracts for other digital currencies including for Ethereum’s ether are expected to follow, as well as longer-term protection.

 advertisement
 advertisement
 advertisement
 advertisement