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CFTC Approved The Launch Of LedgerX Bitcoin Futures

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Cryptocurrency derivatives provider LedgerX LLC has get a  the Authorized Derivatives Market (DCM) license from the US Comodity Futures Trading Commission (CFTC). This one will allow to launch the country's first bitcoin futures.

The deliverable futures calculations are made in the underlying asset, and not in fiat funds. Thus, LedgerX overcome the Bakkt, ErisX and Seed CX platforms, which are still awaiting regulatory approval.

At the same time, LedgerX intends to launch the Omni platform for trading options, swaps, and bitcoin futures for retail investors. It does not see enough interest from institutional market participants.

However, it should be added that some experts have already expressed fears that the nature of the license received will not allow LedgerX to provide margin tools to customers, and Bakkt should have such functionality.

Recall about the intentions to obtain the appropriate permission and overtake competitors LedgerX said in April.

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