New York Stock Exchange LedgerX launched options trading for Bitcoin
Despite the fact that the swap LedgerX New York Exchange, which specializes in crypto-currency derivatives, was launched at the end of last month, the volume of transactions on this site beats all possible and impossible records. And now LedgerX offers its users long-term options for Bitcoins at a price of $ 10 thousand and expiration period - December 28, 2018.
'In the future I expect a lot more similar proposals. We were the first, but it basically says that institutional investors are thinking about Bitcoin's dynamics in the next two years, 'said LedgerX CEO Paul Chow.
He also noted that the crypto-currency market is 'growing up', which will undoubtedly attract more institutional investors. Already the day after the launch of these options, two large investors announced their readiness to invest in them.
'And it was a day off. So we were shocked, '- commented on the actions of investors Paul Chow.
Under the terms of the option, the buyer pays $ 2250.50 for the transaction, and the seller will in any case receive this amount. This will happen even if the price of Bitcoin is below $ 10 thousand at the time of the established date.
However, the buyer will have the right to buy BTC for a fixed fee even if its value will be much more than $ 10 thousand.
'If the price goes down to zero, then you do not have to pay $ 10,000 for bitcoin. However, if in a year it jumps up to $ 20 thousand, then you will have the right to redeem at a fixed price, 'concluded Chow
🤗 source: cryptojournal.ru 🤗