LedgerX Reveals Bitcoin Options Swapping Update – Bitcoints


Published on May 15th, 2018 | by bitcoin


LedgerX Reveals Bitcoin Options Swapping Update

LedgerX Reveals Bitcoin Options Swapping UpdateBitcoin derivatives platform LedgerX is launching a new, simplified interface that lets bitcoin investors earn interest on their holdings.
The new service, announced Tuesday, operates similarly to its existing bitcoin call options with a streamlined user face for investors, according to LedgerX president and chief risk officer Juthica Chou.
Chou explained:
“We’re seeing more and more demand for people who want to earn some sort of interest off their bitcoin and lending is not exactly natural to people – especially lending where they earn their interest back in bitcoin.
If bitcoin tanks, they still collect the exact same premium and if bitcoin goes up then they end up selling bitcoin at about [two times],” she explained.
Only eligible contract participants, as defined by the U.S. Commodity Futures Trading Commission, can trade in these call options, however.

Source: Www.coindesk.com

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