Brave New Coin to Power Digital Currency Perpetuals on LedgerX
LedgerX is the first cryptocurrency derivatives exchange licensed by the Commodity Futures Trading Commission
NEW YORK CITY / AUCKLAND, New Zealand, March 03, 2021 (GLOBE NEWSWIRE) — (via Blockchain Wire) – Digital currency futures and options exchange and clearinghouse LedgerX today announced it will pursue digital currency perpetuals powered by digital asset data infrastructure company Brave New Coin
LedgerX will use Brave New Coin’s high-frequency BTC and ETH price feeds for its perpetual products, which it intends to submit to the Commodity Futures Trading Commission (CFTC) for its review and approval. LedgerX was the first CFTC regulated cryptocurrency derivatives exchange, and is backed by Digital Finance Group, Lightspeed Venture Partners, Miami International Holdings, Google Ventures, and SV Angel. Once again, LedgerX is the first to innovate in US derivatives markets and will be seeking the CFTC’s review and determination that all regulatory requirements pertaining to perpetuals are satisfied, including product, trading, clearing and all other relevant areas.
“We’re pleased to work with LedgerX to integrate our high-frequency index engine. The industry has been anticipating the launch of additional LedgerX products, and for good reason. We believe LedgerX will be able to out-innovate the legacy competitors,” said Fran Strajnar, Founder of Brave New Coin. “We look forward to continued work with LedgerX to ensure its exchange has access to the best digital asset data in the sector.”
“As we started developing perpetual products, it became clear to us that Brave New Coin’s digital asset infrastructure and capabilities were key to helping us deliver the best product to our users,” said Zach Dexter, CEO at LedgerX. “BNC has offered us the support we need as we scale up our offering in 2021.”
LedgerX is available to both retail and institutional investors 24×7 and offers physical settlement of all contracts, block trading and algorithmic trading opportunities for institutional investors, and direct access for all traders. Since launching in 2017, LedgerX has cleared over 10 million options and swaps contracts.
Since its launch in early 2020, Brave New Coin’s cryptocurrency index infrastructure has been in high demand by companies including BTSE and the Toronto Futures Options and Swaps Exchange (tFOSE). BNC provides data and index solutions for several partners including Refinitiv, Amazon Alexa, Dow Jones Factiva, NASDAQ, BTSE.com and many more. When you ask Amazon’s Alexa for the price of any cryptocurrency, her answer comes from Brave New Coin’s data engine.
LedgerX is a digital currency futures and options exchange and clearinghouse regulated by the US Commodity Futures Trading Commission. LedgerX is available to both retail and institutional investors 24×7 and offers physical settlement of all contracts, block trading and algorithmic trading opportunities for institutional investors, and direct access for all traders. Since launching in 2017, LedgerX has cleared over 10 million options and swaps contracts.
ABOUT BRAVE NEW COIN
Brave New Coin (BNC) is a data and research company focused on the blockchain and cryptographic assets industry. Founded in 2014, BNC provides data, analysis and research to a global network of market participants. Brave New Coin supplies spot-pricing, index solutions, research and news both aggregate and proprietary, via partners such as Amazon Alexa, Dow Jones Factiva, NASDAQ, Refinitv, RapidAPI and dozens more. The company’s experience and expertise make us the leading provider of standard and non-standard institutional grade, highly compliant, data solutions. BNC Pro leverages all our experience and data into a user-friendly dashboard solution.