LedgerX claims "Record & # 39; July for the trading of Bitcoin options


The bitcoin derivatives trading provider LedgerX claims to have seen a "record" amount of trading volume in the last two months.

The company sold $ 50 million in derivative volumes in July alone, said Chairman and Chief Risk Officer Juthica Chou to CoinDesk. At the start of this month, the company also ran its largest trade to date for a $ 15,000 strike call.

Partly in response to an increase in customer demand, LedgerX launched a new bitcoin purchasing system last month. Called bitcoin one-click, the service acts as a "one-stop shop" for institutional clients or high net worth to buy bitcoins easily through a regulated platform by the federation, Chou said. The service is based on the LedgerSavings platform LedgerX debuted in May.

Demand for this type of product is high, Chou said.

"[One-click bitcoin] was born of many of the customer requests we saw, I think it's showing that derivatives and options are really useful long-term products and can offer killer solutions to a wide variety of participants, "he said, adding:

" June was one of the record months for us and July was a record month.If you look at how we did our transactions, a third of the value was exceeded the month We have seen many healthy activities last year. "

The platform is available to all LedgerX customers, he said, which include around 130 institutions as well as people with a high net worth.

has already begun to conduct transactions with the system, and a customer will see a 15% annual return on his bitcoins for the next six months. This figure will remain stable, even if the price of the bitcoin will decrease or remain stagnant in that period.

In the future, LedgerX hopes to add ethereum products. The company is working with regulators to receive approval, but Chou is confident that the company will receive this approval because all of its products are "fully guaranteed".

LedgerX image via Piotr Swat / Shutterstock

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