Bitcoin Derivatives Exchange LedgerX reported a sevenfold increase in trading volumes

Bitcoin Derivatives Exchange LedgerX reported a sevenfold increase in trading volumes


The LedgerX  exchange specialized on cryptocurrency derivates reported that from the moment of start the volume of bidding on a ground grew sevenfold. CoinDesk reports about it.

The New York swap exchange LedgerX started six months ago, at the end of October, 2017. In the first week after a start the volume of bidding  on this ground exceeded $1 million.

Main operating director of company Juthica Chou marked that presently the a weekly volume of trading at LedgerX makes approximately $7,5 million. All on a platform is presented about 700 different swaps and option contracts. The combined volume of bidding from the moment of start attained a mark in $130 million.

Also, according to Chou , the recent falling of cryptocurrency market did not render substantial influence on trading in options and swaps.

“Deep corrections remind people that methods of monetization of volatility are, even in the conditions of price abatement. We saw how it affected our trade activity. Our experience participants – not simply supporters of Buy&Hold, if it is possible to be so expressed”, – she added.

Besides other, Chou marked that basis of user base of platform is made by 90 individual and institutional traders. At the same time, according to her, the relatively new participants of market, and also players of the traditional world of finances, profess interest in LedgerX.

Chou marked in the end, that a company planned to add support of Ethereum Cryptocurrency   “in the near future”.

We will remind, in past December the cryptocurrency hedge fund of Blocktower Capital put the 1 million dollars on that the cost of bitcoin will attain $50,000 by the end of this year.

A call option was bought on the exchange of LedgerX. Derivatives with the term of expiration of December, 28, 2018 gives a right for Blocktower Capital to buy 275 bitcoins at a price $50,000, if the cost of cryptocurrency will attain this mark.

Leave a Comment

Your email address will not be published.

You may also like

Hot News