“Bitcoin in one click” - a new service from the LedgerX exchange

Over the past two months, the first officially regulated institutional Bitcoin derivatives exchange, LedgerX (New York), recorded a record amount of trading.

“June was a good month for us, and July was a record month. If you look at our performance, we received a third of all income in the last month,” company representatives say. LedgerX, a provider of bitcoin derivatives, cleared derivatives trades totaling 50 million US dollars. Utica Chow, president and director of risk management at the company, spoke about this in an interview with CoinDesk. That same month, the firm executed its largest trade at a strike price of $15,000 (that is, the price at which the option holder exercises their right to buy bitcoin).

In response to growing demand, LedgerX launched a new “one-click bitcoin” payment service that allows institutional and high-net-worth clients to quickly and easily buy bitcoin through the regulated LedgerSavings platform, which LedgerX launched in May. The service is in demand, suggesting that derivatives and options are useful long-term products that offer ways to turn expected volatility into cash even when the price declines.

The company has already started transacting on the system, and one customer will receive a 15% annual return on their Bitcoin assets over the next six months. This figure will remain unchanged even if the price of bitcoin falls or stagnates during this period.

LedgerX hopes to add ethereum derivatives products in the future. According to Chow, the platform is available to all LedgerX clients, including approximately 130 institutions and individuals with net worth.

According to https://www.coindesk.com