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Bitcoin moves a step closer to acceptance after options approved

LedgerX plans to offer 1 to 6 month bitcoin-to-dollars options contracts in late Sept to early Oct

Camila Russo | Bloomberg 

Digital currency investors and miners will be able to hedge the volatile assets under US regulatory oversight for the first time in just a couple of months. The US Commodity Futures Trading Commission granted LedgerX LLC, a cryptocurrency trading platform operator, registration as a clearing house for derivatives contracts settling in digital currencies, according to a statement by the regulators Monday. With the approval, LedgerX is set to become the first federally regulated digital currency options exchange and clearinghouse in the US as interest and volatility in the method of ...

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First Published: Wed, July 26 2017. 01:50 IST