LedgerX lists $100,000 bitcoin call option with December 2020 expiry

Markets • July 17, 2019, 6:20AM EDT

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, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.