LedgerX Launches CFTC-Regulated Bitcoin Savings Account
The derivatives exchange, LedgerX, has launched a Bitcoin savings account regulated by the Commodity Futures Trading Commission. The new product allows institutional investors to earn USD interest on their Bitcoin holdings over three-month, six-month, and 12-month maturity periods with target yields of up to 16% per year. LedgerX Co-founder, Juthica Chou, said:
"This interface will definitely be skewed to the long Bitcoin holders, who will likely only deposit Bitcoin who will want to earn interest off of that Bitcoin.”
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