New York Stock Exchange of crypto-currency derivatives started trading

At the stock exchange in the United States, the first regulated transactions with derivatives of crypto-currency instruments were implemented: the LedgerX platform confirmed information on the trading of crypto-currency derivatives before the sale to institutional investors in July. On the trading platform LedgerX, there are 176 swaps and option contracts traded in the first week, for amounts over $ 1 million.

"This week, a new standard is set for transparency, oversight and counter-party assurance. Institutional investors and traders can now rely on a guaranteed clearing and settlement process when transacting bitcoin contracts." - LedgerX CEO Paul Chou said in a statement.

 Notably, while the initial LedgerX trades appear to be exclusively in bitcoin, the details of the license give the company the ability to add other assets that qualify as cryptocurrencies.

The company, based in New York, is licensed as both a swap execution facility (SEF) and a derivatives clearing organization (DCO).

LedgerX is now reportedly exploring working with options trading shops, asset managers, hedge funds, bitcoin miners, family offices and investment banks, as a way to grow its number of customers.

Chou concluded:

"Our regulated, institutional-grade platform enables participants who were sitting on the sidelines, to enter the digital currency market."