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:

RELATED INDICES

See crypto indices

“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.

About Author

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.