{"id":387479,"date":"2019-06-25T22:00:34","date_gmt":"2019-06-25T22:00:34","guid":{"rendered":"https:\/\/uniquehot.com\/?p=387479"},"modified":"2024-06-11T10:43:50","modified_gmt":"2024-06-11T10:43:50","slug":"24-7-bitcoin-derivative-trading-now-available-for-u-s-residents-will-this-add-fuel-to-btcs-momentum","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/24-7-bitcoin-derivative-trading-now-available-for-u-s-residents-will-this-add-fuel-to-btcs-momentum\/","title":{"rendered":"24\/7 Bitcoin Derivative Trading Now Available for U.S. Residents; Will This Add Fuel to BTC\u2019s Momentum?"},"content":{"rendered":"

The crypto markets are continuing to grow and develop by leaps and bounds each day, and the latest piece of positive news that elucidates just how rapidly the markets are maturing is the Commodity Futures Trading Commission\u2019s decision to approve LedgerX for offering physically settled Bitcoin futures contracts.<\/p>\n

The announcement, which was made by the CFTC earlier today, has sparked excitement in the crypto community, and many investors are now noting that this could help add fuel to the current Bitcoin bull run, which may allow it to climb significantly higher.<\/p>\n

CFTC Approval of Bitcoin Derivatives Trading is \u201cGreat News\u201d<\/strong>\u00a0<\/strong><\/h2>\n

Earlier today, the CFTC released an approval notice on their website<\/a>, noting that LedgerX is now able to offer Bitcoin futures<\/a> contracts to US-based residents that meet certain account minimums. Importantly, these contracts are open to all eligible retail clients, and are not limited to institutional investors.<\/p>\n

\u201cThe Commodity Futures Trading Commission (CFTC) announced today that it has approved the application of LedgerX LLC (LedgerX) for designation as a contract market,\u201d the CFTC said.<\/p><\/blockquote>\n

Alex Kr\u00fcger, an economist who focuses primarily on cryptocurrencies<\/a>, spoke about this news in a recent tweet, deeming the approval of Bitcoin derivative trading as \u201cgreat news\u201d for the markets.<\/p>\n

\u201cGreat news: 24\/7 bitcoin derivatives trading will soon be available for US residents. Minimum account size of $10K or 1 BTC,\u201d he noted.<\/p><\/blockquote>\n

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Great news: 24\/7 bitcoin derivatives trading will soon be available for US residents. Minimum account size of $10K or 1 BTC. https:\/\/t.co\/5OnAnEsCvA<\/a><\/p>\n

— Alex Kr\u00fcger (@krugermacro) June 25, 2019<\/a><\/p><\/blockquote>\n