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LedgerX gets license to offer retail bitcoin spot, options, and futures contracts

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LedgerX, a bitcoin trading venue, today received approval from regulators to offer retail clients of any size access to bitcoin spot, options, futures contracts, and more. If you live in the US or Singapore, have a drivers license or other form of government ID, it will be possible to sign up.

The company accepts both USD and BTC deposits to get started, or a combination of the two. This is a new license for LedgerX to serve retail traders, but the firm was founded in 2014, and obtained approval for institutional crypto trading in late 2017.

“Please, please be patient with us. While we have the license, we also have a long waitlist of people that we want to on-board slowly to make sure the systems work well and the customer experience is outstanding. The good news is day one traders will have access to market makers on the platform who will provide competitive prices that they have been quoting 24/7/365 over the last 2 years.”

– Paul Chou, CEO LedgerX

LedgerX is the first federally regulated exchange and clearinghouse to list and clear fully-collateralized, physically-settled bitcoin swaps and options for the institutional market. The U.S. Commodity Futures Trading Commission (CFTC), which regulates virtual currency derivatives, oversees LedgerX’s registration as a swap execution facility (SEF) and derivatives clearing organization (DCO).

Source: LedgerX

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