Premature Bitcoin Futures Launch Turns Ugly for LedgerX Exchange

Aug. 2, 2019, 5:46 PM

The bragging rights to become the first cryptocurrency exchange to allow small investors to buy derivatives that pay out with Bitcoins are still up for grabs.

After being touted with much fanfare July 31 on crypto news sites, LedgerX, a U.S.-regulated Bitcoin derivatives exchange and clearinghouse, said Aug. 1 that it was a bit premature in announcing the availability of the futures to retail investors.

Events soon took a turn. Paul Chou, the chief executive of LedgerX, took to Twitter to blast the U.S. Commodity Futures Trading Commission for “breaking the law” in several expletives-filled tweets. He later pulled ...

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