LedgerX

LedgerX, operating as MIAX Derivatives Exchange, is a federally regulated trading platform based in the United States, offering highly specialized derivative products. Unlike typical exchanges, LedgerX provides cash-settled contracts, specifically Bitcoin binary options, allowing traders to manage Bitcoin price risk effectively throughout the trading day. The platform offers an innovative contract structure known as BTCRB options, which features mutually exclusive range contracts and enables efficient netting of collateral across the specified ranges, with all products fully collateralized.

The trading process on LedgerX is designed to be straightforward. Participants can start by completing a quick application and funding their accounts with USD via wire transfer. Trades can be executed through a user-friendly web interface or via an API, catering to novice and experienced traders. In terms of operational hours, MIAXdx is open daily, providing extensive opportunities for trading while ensuring compliance with regulatory guidelines set by the Commodity Futures Trading Commission (CFTC).

LedgerX emphasizes security and trustworthiness, conducting regular audits and maintaining custody of digital and fiat assets to safeguard participants’ investments. With a focus on customer service, the platform offers comprehensive support, including a detailed FAQ section and access to trading simulators. As the interest in cryptocurrency derivatives continues to rise, LedgerX stands out by combining regulatory compliance with innovative financial products, aimed at individual and corporate participants from the U.S., the Cayman Islands, and the British Virgin Islands.