LAUNCHED BITCOIN SAVING PLATFORM? BEARING INTEREST?-CRYPTONEWS#3
The US Commodity Futures Trading Commission (CFTC) regulated digital currency and options exchange, Ledgerx had plans to launch a savings program for BTC.Paul Chou, the CEO at Ledgerx, announced the official soft launch of Ledgerx savings on August 3.
Chou says it is the first major service launch since the company started the digital currency.Chou details. “The first transaction was completed a few weeks ago and yielded the client a 15% per annum return on their Bitcoin for the next 6 months.
Because BTC prices are volatile and the rate for a 2x strike call option for Ledgersavings is 16 percent annualized. Investors can opt for 3-month, 6-month, and 12-month maturities with interest paid out in USD. Ledgerx holds the digital assets and a US bank holds the gained USD DOLLAR.
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Nice article.
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