Bitcoin options contracts to be launched in September

Dhwani Mehta FXStreet

LedgerX LLC, a cryptocurrency trading platform operator, just received approval from the US Commodity Futures Trading Commission (CFTC) to operate as a federally-regulated exchange and clearing house for derivatives contracts settling in digital currencies, Bloomberg reports.

LedgerX CEO Paul Chou said in a telephone interview that the company plans to launch one to six month bitcoin-to-dollars options contracts in late September to early October.

Chou noted: “We want to keep it to a certain size in the beginning before we scale up over the next couple of months. We’re getting people that want to hedge and people that want exposure to a new asset class that they can add to their portfolio and help diversify, and get potential upside of potential digital currency.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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