LedgerX lists $100,000 bitcoin call option with December 2020 expiry
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Cryptocurrency derivatives exchange LedgerX has listed its “first ever” $100,000 bitcoin call option with expiry in December 2020, it tweeted today.
“Dozens and dozens" of users were interested in trading a contract like this, LedgerX CEO, Paul Chou, told Bloomberg, adding:
“I understand $100,000 is a large number, but a lot of us who’ve been in this space remember Bitcoin at $1, and then it hit $10 and $100 and $10,000. A $100,000 contract doesn’t even make us blink.”
Just last month, LedgerX received a designated contract market (DCM) license from the Commodity Futures Trading Commission (CFTC), meaning the company can offer its products to retail clients, not just institutional ones.
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Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.
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