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LedgerX Crypto Exchange To Offer Traders Futures For Ether

Published: 27/09/2018
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What is it for?

The LedgerX trading crypto platform, known for financial bitcoin offers, is ready to launch futures for ether, The Block Crypto reports.

 

Traders may soon be able to trade futures for ether on the LedgerX platform, but this requires permission from the Commodity Futures Trading Commission (CFTC). The next meeting of the regulatory financial body will be held on October 5, where, presumably, this issue will be considered.

 

Paul Chou, a former employee of Goldman Sachs corporation, created the LedgerX crypto exchange six years ago. The crypto platform has hedge funds with a capital of $1 billion, family investment firms, institutional investors, as it has begun offering bitcoin-based financial products since last year. Futures for ether can also attract an investor or a trader who is ready to invest his money in them hoping to make a profit in the future.

 

The LedgerX trading platform is not alone in its intentions. As previously reported, the holding company CBOE Global Markets plans to place futures for ether on the basis of the Gemini crypto exchange of the Winklevoss brothers. 

 

Source: CoinMarketCap

 

Meanwhile, according to the analytical portal CoinMarketCap, ether has lost about 30% in price since the beginning of September and has reached its lowest point of $172 in the last few months on September 12. Moreover, on September 21, ether lost second place in terms of a market capitalization to the Ripple cryptocurrency for a short time. As of September 27, 05:50 (UTC), ether is second with a capitalization of $22.189 billion and a price of $217.1.

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LedgerX ETH
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