On Wednesday, the Commodity Futures Trading Commission, announced that it has approved LedgerX’s amended registration order which will allow the firm to provide products not tied to digital currency.

In a press statement shared with Bitcoin Exchange Guide, CFTC stated that LedgerX has been given the greenlight to provide fully collateralized futures as well as options products on top of the digital asset swaps which it currently provides. The statement reads:

“LedgerX is authorized to provide clearing services for fully-collateralized futures and options on futures in addition to the previously authorized swaps, and will no longer be limited to clearing digital currency products.”

LedgerX requested permission to add its product portfolio back in June. The request sought for the removal of ‘digital currency’ limitation for its product scope.

According to the statement, the regulator examined the request in line with the supporting information and concluded that “the requested amendment was consistent with the requirements of the Act and applicable regulations.”

LedgerX is a US-based regulated exchange operating from New York as a limited liability firm that is also licensed by CFTC as a contract market as well as swap execution facility.

The firm boasts of being the first federally regulated exchange as well as clearinghouse to list as well as clear fully collateralized Bitcoin swaps and options. The firm majorly deals with institutions.

The post CFTC Approves LedgerX to List Futures and Options Not Directly Tied To Crypto first appeared on BitcoinExchangeGuide.

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