Platform trade bitcoin derivatives LedgerX for the six months since its launch, has increased the trading volume by 7 times.
As the chief operating officer of LedgerX Utica Chou (Chou Juthica), currently on the trading platform of a startup weekly trading 700 bitcoin swaps and option contracts of approximately $7.5 million the Total volume of trading bitcoin derivatives on the platform amounted to $130 million at spot prices.
Platform LedgerX has opened the trading of derivative instruments cryptocurrency in October last year, receiving a license of the Commission on trade commodity futures (CFTC) in July. During the first weeks of the startup spent 176 trade contracts worth about $1 million.
According to Chou, the recent drop in the cryptocurrency market has not had a significant impact on trading swaps and options on bitcoin.
“A significant correction to remind people that there are ways to turn the expected volatility in the money even when the price is reduced. We saw how this was reflected in trading activity. Our experienced members are not just people “buy-and-hold”, so to speak,” said she.
A member-based platform LedgerX is 90 individual and institutional traders, said Utica Chow. The startup still offers only trade bitcoin derivatives, but is planned to expand at the expense of other cryptocurrencies — the license allows it. Operating officer of LedgerX said that in the near future to add support for Ethereum.
Recall that in addition LedgerX trading cryptocurrency derivatives in the US has launched two major Chicago Board of exchange CBOE and CME. Both offer a to trade futures on bitcoin.