Beat Bakkt: LedgerX to Launch Physically-Backed Bitcoin (BTC) Futures

Just a few weeks back, Bakkt revealed that it would be launching its Bitcoin (BTC) futures product for user testing in late-July. But, it seems that another cryptocurrency exchange has beat the New York Stock Exchange-backed initiative to the punch, so to speak.

Announced Tuesday morning, LedgerX, a crypto asset derivatives platform headquartered in the Big Apple, has received clearance from the U.S. Commodity Futures Trading Commission (CFTC). This regulatory green light will allow the company to list physically-settled BTC futures, which are far different than the paper contracts offered by the CME.

Original source
https://ethereumworldnews.com/beat-bakkt-ledgerx-to-launch-physically-backed-bitcoin-btc-futures/

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