LedgerX made headlines when FTX.US acquired it for an undisclosed sum recently for expanding their product offerings to futures and options in the United States. The President of FTX.US, Brett Harrison, said that most of the derivative-based cryptocurrency (in terms of volume) takes place outside the United States. However, in the US also there is a huge demand from both institutional investors and retail traders. Reports say that this is the main reason why FTX.US acquired LedgerX.
Now, the question is what is LedgerX? What’s so special about it? Is it legitimate? Is it available to US customers? Let me walk you through all these queries.
LedgerX (also known as NYBX INC) is a US-regulated cryptocurrency derivatives exchange and clearinghouse offering service to all its clients (both institutional investors and retail investors) round the clock (24/7, 365 days a year).
Physical settlement of all contracts is provided by this crypto exchange of futures and options. In addition, block trading and automated algorithmic trading opportunities are also offered by LedgerX for all its traders and institutional investors.
It was LedgerX that first offered Bitcoin mini contracts for trade in the United States. The underlying notional of mini contracts is 0.01 BTC. This ensures bitcoin BTC’s granular trading, making BTC trading accessible to all investors, especially individual retail investors.
Juthica Chou, Paul Chau, Paul L Chou, and Zach Dexter are the founders of LedgerX. They founded this cryptocurrency derivatives exchange and clearinghouse back in 2014.
LedgerX is headquartered in New York and it remains open for all US residents 24x7x365 (including holidays). Some of its early investors included Lightspeed Venture Partners and Google Ventures. Both Miami Options Exchange and Huiyin Blockchain Venture Investments back LedgerX. Currently, it has been acquired by FTX.US has for an undisclosed sum.
Yes, LedgerX is available for all US residents (both retail and institutional investors) 24/7 throughout the year. The traders and investors can trade round the clock and enjoy facilities such as algorithmic trading, block trading, and physical settlement of all contracts.
LedgerX is regulated by Commodity Futures Trading Commission (CFTC). It is registered with CFTC as a:
This digital currency futures and options exchange and clearinghouse enables you to trade anytime you want as it is available for trade 24/7, round the year.
LedgerX offers a wide range of products and services including:
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You may also check “Napbots Review - Simple Way To Increase Your Crypto Returns” before taking the plunge.
NapBots crypto trading software is special because it comes with:
NapBots is easy to start with. It involves just 3 steps:
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Step #3: Choose a plan that suits your investment style
Once you have completed these three steps, NapBots is ready to trade cryptos and earn money for you. Happy Trading!