LedgerX, an institutional trading and clearing platform that is awaiting regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) to trade and clear options on Bitcoin, has received a shot in arm when Mark Wetjen, former CFTC commissioner joined as a member of the board of directors.
The company applied for registration with the CFTC as a swap execution facility (SEF) and derivatives clearing organization (DCO) on September 29, 2014 and trying to be in the good books of the regulator. Nonetheless, it is trying to get registered and regulated by the federal organization and for that not leaving any stone unturned.
The Appointment will further enrich the Human Resource
If it gets the tag of federally regulated Bitcoin options exchange and clearing house, it will be the first to list and clear fully-collateralized, physically-settled Bitcoin options for the institutional market. Nonetheless, the appointment of Mark Wetjen to the Board of Directors of Ledger Holdings Inc. is expected to boost the confidence as well.
Mark Wetjen is joining the parent company of LedgerX LLC. Talking about the appointment he said that he is excited to participate in the evolution of the Bitcoin asset class with a firm that is