LedgerX Launches Physically-Settled Bitcoin Futures Contracts

LedgerX

According to CoinDesk, LedgerX has launched the first physically-settled Bitcoin futures contracts in the US. The news comes at a time when Intercontinental Exchange’s Bakkt and TD Ameritrade’s ErisX have struggled to launch amid regulation issues.

LedgerX Launches Bitcoin Futures Contracts

LedgerX is now the first Bitcoin futures provider in the US that offers physical futures. This means that the customer receives Bitcoin when the contract expires as opposed to fiat dollar as per the more traditional futures contracts out there.

The Chicago-based exchanges CME and Cboe have offered “cash-settled futures contracts” since 2017. …

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