As announced on 15 December, 2015, the U.S. Commodity Futures Trading Commission (CFTC) is asking for public comment on related applications submitted by LedgerX, LLC (LedgerX), for registration as a derivatives clearing organization and registration as a swap execution facility. LedgerX plans to list and clear fully collateralized, physically settled options on bitcoin. Comments should be submitted on or before January 30, 2015.
If approved by the CFTC, LedgerX, would be the first regulated venue where institutional investors could obtain Bitcoin and use an order book trading mechanism, tailored for institutional trading.
Comments to the CFTC on the LedgerX application can be viewed here: http://comments.cftc.gov/PublicComments/CommentList.aspx?id=1546
Click here to download a timeline for regulatory review of LedgerX's application.
Click here to view the announcement by LedgerX of its application with the Commodity Futures Trading Commission (CFTC) to become a swap execution facility (SEF) and a derivatives clearing organization (DCO).