LedgerX Reducing Its Trade Charges To 10 Cents, Creating Trading Scope For Investors

Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • The exchange testified that it is the first and only regulated exchange to attribute Minis, which allows the trader with buy and sell options in just 1% of a Bitcoin.
  • With immediate effect, the exchange announced that the charges for all option trades at LedgerX will drop to less than 10 cents per contract.
  • By reducing its fees to ten cents, LedgerX is putting an effort to deposit more currency in its users’ accounts.

The first federally controlled crypto-exchange LedgerX is offering all the US investors a scope of trading Bitcoin options

What LedgerX has planned?

The exchange testified that it is the first and only regulated exchange to attribute Minis, which allows the trader with buy and sell options in just 1% of a Bitcoin.

Adding to this LedgerX stated with the increasing reputation of Minis, individuals can buy and sell options to those contracts whose premium can be less than $1.

Although the premium on LedgerX contracts can be uncertain, their 15 cents (or 25% of the option premium per contract for small trades) can be a greater percentage of what the larger contracts often cost.

In recent months, LedgerX has taken feedback about this issue with some of its dedicated customers and received a satisfactory response and now, they have accepted their advice and taken action.

With immediate effect, the exchange announced that the charges for all option trades at LedgerX will drop to less than 10 cents per contract. In other words, they will charge 20% of the option premium per contract.

By reducing its fees to ten cents, LedgerX is putting an effort to deposit more currency in its users’ accounts.

LedgerX also remarked that by introducing several value-added features this year, the customer will believe in LedgerX’s commitment to helping them entirely in terms of Bitcoin.

About LedgerX

Supported by Miami International Holdings, Inc., LedgerX is an established trading platform for bitcoin options. It is authorized to function as a Derivatives Clearing Organization, (DCO) and Swap Execution Facility (SEF).  The competitors of LedgerX include Bakkt, CME Group, and ErisX as well as Seed CX that are planning to propose physically established bitcoin futures.

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