bakkt bitcoin

CFTC Claims Bitcoin Futures from LedgerX are Not Approved

According to a statement obtained by CoinDesk, the CFTC has, in fact, not approved LedgerX to launch Bitcoin (BTC) futures just yet. The outlet wrote in a recent update to yesterday’s article about the exchange’s launch of physically-deliverable BTC futures:

The U.S. Commodities Futures Trading Commission (CFTC) says LedgerX has “not yet been approved by the Commission” to offer physically settled bitcoin futures.

This is notable, as LedgerX purportedly claimed to have the proper registrations to launch such a cryptocurrency vehicle. In June, the firm claimed that the financial regulator had granted it a designated contract markets (DCM) license, giving it the final push it needed to begin preparation for BItcoin futures.

This is a developing story.

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