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ARTICLE · 16 AUGUST 2019

CFTC Approves Bitcoin DCM, New Bitcoin ETF Proposed, Crypto IRA And Blockchain Depository Receipts Introduced

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The Commodity Futures Trading Commission (CFTC) has announced approval of LedgerX's registration as a designated contract market (DCM) under the Commodity Exchange Act and CFTC regulations.

United StatesTechnology

The Commodity Futures Trading Commission (CFTC) has announced approval of LedgerX's registration as a designated contract market (DCM) under the Commodity Exchange Act and CFTC regulations. According to reports, LedgerX will allow consumers based in the U.S. or Singapore to trade on its bitcoin derivatives exchange starting in July. As a DCM, LedgerX will offer Bitcoin derivatives contracts, including options and futures, to retail clients of any size. Prior to approval, LedgerX was registered with the CFTC as a swap execution facility and derivatives clearing organization. Bitcoin derivatives exchanges are reportedly seeing record trading volumes in the market driven by institutional traders.

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