American derivatives exchange LedgerX launched a digital currency savings account, which is different from traditional digital wallets and belongs to the category of digital currency futures contracts. LedgerX allows users to store bitcoins to earn interest within a limited period, currently divided into three periods of 3, 6, and 12 months, of which the 12-month bitcoin income is 16%.
LedgerX is a futures contract exchange authorized by the U.S. Commodity Options Trading Commission (CFTC), which can provide fully collateralized digital currency swaps and clearing services, which means that when investors trade digital currencies on LedgerX, they receive and trade gold , the same regulation as crude oil. LedgerX previously raised $1.5 million in seed round investment from Google Ventures and Lightspeed Venture Partners.
The launch of LedgerX’s digital currency savings account has positive implications for Bitcoin transactions.Bitcoin was worth 1/1300 of the US dollar eight years ago, but now a bitcoin is as high as 8,000 US dollars, which has increased by a million times. Such an astonishing increase has made the major investment banks on Wall Street very excited. Wall Street investment banks have been looking for legal ways to participate in Bitcoin transactions, and the legalization of digital currency savings accounts is a very good opportunity.
Of course, this move comes with a lot of uncertainty behind it. Bitcoin futures exchanges have a greater impact on the price of Bitcoin, and the manipulation of the market is prominent.
(I am Odaily reporter Zhao Huanxin, exploring the real blockchain, breaking news, communication, please add WeChat adrunkman, please note your name, unit, position and reason.)
(I am Odaily reporter Zhao Huanxin, exploring the real blockchain, breaking news, communication, please add WeChat adrunkman, please note your name, unit, position and reason.)
