Posted 2 years ago | by Ben Armstrong

LedgerX Falsely Claims to Be the First to Physical Bitcoin Futures Contracts

bitcoin futures contracts ledgerx cftc bakktYesterday, reports stated that LedgerX had become the first company to offer physical futures on its Omni trading platform. This was exciting news all over the crypto space. However, these reports have proven to be premature at best.

Today the CFTC has set the story straight. They have confirmed that the LedgerX launch did not in fact happen. The new language from LedgerX is that they are offering "early access" to trade physically backed Bitcoins on their trading platform. They announced that on Twitter today:

Yesterday's news was quite surprising because everyone is so focused on the Bakkt launch (if it ever actually happens before I die of old age). Supposedly, Bakkt is going through testing its delivery of Bitcoin futures using the Intercontinental Exchange.

To read more about this story & more, check out today's Bitcoin News video:

About Ben Armstrong

ef4f73e9ddeb61becab57469962fa946?s=90&d=blank&r=g LedgerX Jumped the Gun: CFTC Has Not Approved Bitcoin FuturesBen Armstrong is a YouTuber, podcaster, crypto enthusiast, & creator of BitBoyCrypto.com. Better known as BitBoy Crypto, he works hard to educate and inform the crypto community.

Ben has been involved with the world of cryptocurrency since 2012 when he first invested in Bitcoin. He used Charlie Shrem's BitInstant & lost Bitcoin in the Mt. Gox hack.

In 2018, Ben decided to go "full-time crypto" and focus all of his time and energy into expanding the reach of crypto.

If you have any questions or comments please feel free to email him at BitBoy@BitBoyCrypto.com or contact him on Twitter @BitBoy_Crypto.