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Wetjen Joins Board of Bitcoin Derivatives Exchange

LedgerX, a Bitcoin derivatives exchange that was recently granted
temporary registration as a Swap Execution Facility (SEF)
, has announced
that Mark Wetjen has joined the board of directors of its parent company,
Ledger Holdings.

 

“I am excited to participate in the evolution of the Bitcoin asset class
with a firm that is building institutional-grade trading and clearing
capabilities under a regulatory framework,“ says
former CFTC
Commissioner
Wetjen.

 

“Mark brings a unique combination of market acumen, regulatory expertise
and discerning interest in the evolution of the Bitcoin market,” says Paul
Chou, CEO of LedgerX. “Mark has been an early advocate of Bitcoin
derivatives regulation and we are excited to have him on the board.”

 

LedgerX intends to offer exchange-traded, centrally cleared, bitcoin option
contracts to financially sophisticated market participants such as
corporations, financial institutions, trading firms and family offices. Pending
the receipt of all necessary regulatory approvals, LedgerX would be the first
US based, US banked, and US federally regulated derivatives exchange and
clearing house for bitcoin derivatives. 

 

galen@profit-loss.com          Twitter:@Galen_Stops

 

Galen Stops

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