Share this article
CFTC Grants Temporary Approval to Bitcoin Startup LedgerX
LedgerX has received temporary approval from the US Commodities Futures Trading Commission to act as a swap execution facility.
By Stan Higgins
Updated Sep 11, 2021, 11:52 a.m. Published Sep 11, 2015, 4:41 p.m.
LedgerX has received temporary approval from the US Commodities Futures Trading Commission to act as a swap execution facility.
The bitcoin options startup applied for licensure last year and has received backing from Lightspeed Venture Partners and Google Ventures.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
CEO Paul Chou said that despite the temporary approval, the exchange isn’t set to launch until further licensure is acquired.
He said of the temporary approval:
“This is a first step, and is positive progress, but it is just one milestone toward our ultimate goal. Our mission is still to obtain a derivatives clearing organization license (DCO) to operate a federally regulated bitcoin derivatives exchange and clearing house. At this time, we do not intend to launch with only a SEF license.”
According to a letter sent to LedgerX by the CFTC, the agency will conduct further inquiries into the company as part of its approval process.
“As a next step, the Commission will review LedgerX’s SEF Application to assess whether it is fully compliant with the requirements of the CEA and the Commission’s regulations applicable to SEFs,” the agency wrote. “During such assessment, the Commission may request from LedgerX additional information in order to make a determination whether to issue a final order of registration.”
Trading image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Zcash Floats Dynamic Fee Plan to Ensure Users Won’t Be Priced Out
ZEC zoomed 12% amid the fee discussion, beating gains across all major tokens.
What to know:
- A new proposal by Shielded Labs suggests a dynamic fee market for Zcash to address rising transaction costs and network congestion.
- The proposed system uses a median fee per action observed over the prior 50 blocks, with a priority lane for high-demand periods.
- The changes aim to maintain Zcash's privacy features while avoiding complex protocol redesigns.
Top Stories
