LedgerX, United States-regulated trading and clearing platform has recently released a new derivative contract unique to Bitcoin. The product’s name is LedgerX Halving Contract (LXHC). It depicts a binary option which will settle the contract when next Bitcoin halves. Previously, Bitcoin halved in 2016 and reward decreased from 25 BTC to 12.5 BTC.
The new contract will allow miners to get amount if the next halving takes place before a certain date and time.
If in case the block is discovered later, the contract expires at zero. In accordance with current network conditions, the next halving is said to occur at May 25, 2020.
“…imagine you are an oil producer such as Exxon Mobile and know that one day in 2020, the number of barrels of oil you extract will go down by half, forever. But you’re not certain which date that will be. This would materially impact planning for investment and operations. Bitcoin miners face this exact risk approximately every four years for the block reward that they earn.”
LedgerX Volatility Index
On January 15th, TCU reported, LedgerX, a crypto asset manager has rolled out its first Bitcoin (BTC) price volatility index. The crypto firm is behind one of the derivative markets for bitcoin in the United States.
The report further reveals that LedgerX Volatility Index (LXVX) inculcates a level of uncertainty and fear in the BTC market. Likewise, VIX is known as stock market fear index by market commentators. Furthermore, the crypto firm will collect the data for LXVX from the bitcoin options product that it already provides to its users.