- What products can I trade on LedgerX?
You can trade bitcoin mini swaps, bitcoin mini options and bitcoin mini futures on LedgerX.
- When can I trade on LedgerX?
You can trade on LedgerX 24x7 once your account is approved. We are always open.
- What are mini contracts?
LedgerX mini contracts are equal to one hundredth (1/100) of a bitcoin, or 0.01 BTC. This is the standard contract size for all bitcoin products listed on LedgerX. Our mini contracts were designed to provide individual investors access to bitcoin derivatives.
- Can I buy and sell Bitcoin on LedgerX ?
Yes. You can buy and sell bitcoin using our mini swap contract (see “Swaps” section below). Buy and sell bitcoin for $5 per bitcoin, or $0.05 per mini swap contract. No additional markup or other charges.
Our buy/sell fees are ~0.05% based on bitcoin prices at the end of Q3 2020.
- What are physically settled contracts?
Physically settled contracts means that the underlying asset (in this case Bitcoin) will be delivered upon expiration in exchange for USD. All LedgerX contracts are physically settled.
Buyer receives bitcoin
Seller receives US dollars
Call buyers that exercise receive bitcoin; and sellers on the other side receive the strike price in cash
Put buyers that exercise receive cash equal to the strike price; and put sellers receive bitcoin
Buy BTC, receive BTC
Sell BTC, receive USD
- Can I trade on margin?
LedgerX does not currently support margin. Full collateralization is required for all trades. This means sellers post the whole amount of the contract size and product traded. However, call option and put option buyers are only required to post the premium related to those contracts.