LedgerX First To Offer Physical Bitcoin Futures, Bitcoin Posts Monthly Loss And Crypto Market Trades Sideways-The Crypto2Cash Chronicle
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LedgerX First To Offer Physical Bitcoin Futures
LedgerX, one of the largest cryptocurrency wallet makers, will be the first to offer physical Bitcoin futures. LedgerX won the “race” against the largely hyped up company Bakkt, while also implementing some advanced features. Firstly, LedgerX will offer Bitcoin futures for institutional and retail customers, as long as they pass through the KYC process. Secondly, customers can also deposit Bitcoin, instead of dollars and once the contract expires, customers will also be paid out in Bitcoin. The service will soon be available to all U.S customers, once all tests have been run.
Bitcoin Posts Monthly Loss
Bitcoin has posted the first monthly loss since January this year. The largest cryptocurrency is currently trading at $9948.61, up a little over 2 percent and eying at the psychologically important $10,000 mark. Bitcoin started the month at $10,759, therefore posting a loss of around 8 percent. At the start of the month it’s price pushed up to almost $13,000 before slowly retracing top the current price.
Crypto Market Trades Sideways
It was a fairly uneventful day on the crypto market, with most top 20 Alt-coins trading sideways. Litecoin was the top performer of the day, gaining over 3.50 percent, possibly due to the halving, which is now only 6 days away. Bitcoin SV was the biggest looser of the day, down 3.21 percent.
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