The first CFTC-licensed cryptocurrency derivatives exchange LedgerX has announced the use of Brave New Coin’s BTC and ETH price feeds for its digital currency perpetual products. LedgerX is yet to seek approval from the Commodity Futures Trading Commission (CFTC) for its review and approval. LedgerX Unveils New Partnership with Brave New Coin LedgerX unveiled its new partnership with digital asset data infrastructure company Brave New Coin on Mar. 3. Even though Brave New Coin has only launched early last year, their cryptocurrency index infrastructure has gone on to generate high demand from large institutions. Their list of clients includes the Toronto Futures Options and Swaps Exchange (tFOSE) and also the BTSE cryptocurrency exchange. The BNC also provides data and index solutions to various other players in the market. This list includes NASDAQ, Dow Jones Factiva, Refinitiv, and even Amazon Alexa. In the announcement release, Fran Strajnar, Founder of Brave New Coin, said: “We’re pleased to work with LedgerX to integrate our high-frequency index engine. The industry has been anticipating the launch of additional LedgerX products, and for good reason. We believe LedgerX will be able to out-innovate the legacy competitors. We look forward to continued work with LedgerX to ensure its exchange has access to the best digital asset data in the sector.” LedgerX Grown to Become a Prominent Bitcoin Options Marketplaces LedgerX is backed by several large corporates from the likes of Digital Finance Group, Lightspeed Venture Partners, Miami International Holdings, Google Ventures, and SV Angel. Zach Dexter, CEO at LedgerX, said: “As we started developing perpetual products, it became clear to us that Brave New Coin’s digital asset infrastructure and capabilities were key to helping us deliver the best product to our users. BNC has offered us the support we need as we scale up our offering in 2021.” Since the launch of LedgerX in 2017 has grown to become one of the most prominent Bitcoin Options marketplaces. To date, LedgerX has cleared over 10 million options and swap contracts to date.
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