Bitcoin Derivative Platform LedgerX Nudges Closer to CTFC Approval

Merging the existing financial ecosystem with the world of Bitcoin and virtual currencies is not an easy task.  While there is a clear legal framework for the financial sector, virtual currencies are facing an uphill battle when it comes to regulation and legislation.  However, there is a small light at the end of the tunnel, as Bitcoin derivatives exchange LedgerX received temporary approval from the Commodity Futures Trading Commission.

LedgerX – Bitcoin Derivative Exchange and TradingLedgerX

The LedgerX platform has been in the pipeline for quite some time now, despite being backed by major names such as Google Ventures and Lightspeed Venture Partners.  Their business model holds a lot of promise and has attracted quite a lot of attention, as derivative exchange and derivative services with Bitcoin are something many people have been waiting on.

At the time of publication, LedgerX has received a temporary approval from the US Commodity Futures Trading Commission.  This process to gain approval has taken up a fair bit of time already, as LedgerX submitted their official application over a year ago.  While this temporary approval is a light at the end of the tunnel, there

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