CFTC Did Not Yet Approve LedgerX Physically-Settled Bitcoin Futures: Report

The United States Commodities Futures Trading Commission has confirmed that LedgerX has not yet been approved by the agency to offer physically-settled Bitcoin futures, in a statement obtained by CoinDesk.

As Cointelegraph reported yesterday, LedgerX said in an announced on July 31 that its physical futures offering was live on its Omni trading platform.

The latest confirmation from the CFTC suggests that this could not have occurred.

Derivative specialist Thomas G. Thompson pointed out on Twitter that "The CFTC does not show any futures contracts certified by" the firm.

He concludes that LedgerX may indeed have just launched their existing swaps on their new futures platform.

"Still important development because now retail can trade bitcoin options and swaps."

Cryptocurrency news outlet The Block reported earlier today that numerous clues suggested that the launch did not take place.

"Don't see any reported trade volume either. Vaporware launch."

As Cointelegraph reported earlier this month, Bakkt, the long-awaited Bitcoin futures platform from the Intercontinental Exchange, has begun testing the delivery of BTC futures.