LedgerX, a CFTC regulated platform for bitcoin derivatives, announced today it will soon be rolling out Bitcoin Mini contracts for both Next-Day Bitcoin and Bitcoin Options.
Bitcoin Minis will allow participants to employ customized strategies in their trading by granting 100x more flexibility in asset allocation.
Current contracts will have equality to the Bitcoin Mini contracts as shown below:
- 1 Next-Day Bitcoin contract = 100 Mini Next-Day Bitcoin contracts
- 1 Bitcoin options contract = 100 Mini Bitcoin options contracts
1 LedgerX Bitcoin Mini contract = 0.01 BTC (or 1/100 BTC).
Example: If you buy one Mini Next-Day BTC contract for $10,000, you are buying 0.01 bitcoin for $10,000, which will cost $100.