LedgerX Receives CFTC Mandate as Bitcoin Derivatives Clearing Organization
Posted: Sun Jul 23, 2017 9:53 pm
The US Commodity Futures Trading Commission (CFTC) has granted blockchain startup LedgerX its official registration as a derivatives clearing organization (DCO), helping solidify LedgerX’s centralized clearing capabilities and allowing the firm to both trade and clear Bitcoin options.
The London Summit 2017 is coming, get involved!
Following a review of the LedgerX application, the CFTC determined that LedgerX complies with the necessary regulations under the Commodity Exchange Act (CEA).
As a registered DCO, LedgerX will be authorized to provide its suite of clearing services with respect to swaps, subject to certain requirements; and futures and options ... (read more)