Bitcoin derivatives platform LedgerX is launching a brand new, simplified interface that allows bitcoin investors get interest on their holdings. The new provider, announced Tuesday, operates similarly to its existing bitcoin call options with a compact user encounter for investors, according to LedgerX chairman and Chief Risk Officer Juthica Chou. Chou explained: We are seeing increasingly more demand for those that want to earn some type of interest off their bitcoin and financing isn’t exactly natural to individuals – particularly lending where they earn their interest into bitcoin. So we are seeing participants return to trading. Basically, participants put a bet on what bitcoin’s cost will look like at some stage in the future.
At the event the purchase price grows to that amount inside time period, the participants recover their investment. At the event it does not, participants can sell their coins and receive fiat currency from the gain on that sale. This is by far the largest trade that we have seen individuals coming in to do, Chou said. I’d say that more than half of our quantity has been in this type of trade.” . The contract folks are entering into here’s that they are selling an upside phone option, therefore probably call it and application procedure standard LedgerX participants, said Chou.
She concluded: I think that given the cost action individuals are going to be increasingly more interested. We are very excited, since this is something we have seen a good deal of on the LedgerX platform” . Zach Dexter, Juthica Chou and Paul Chou image courtesy of Juthica Chou. The leader in blockchain information, CoinDesk is a media store that strives for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.