Also won't this cause massive shorting? IDK.
Ding ding ding. It's happening right now.
I mean when it's open for business. Won't the price swings get far more violent?
Oh, sorry, misunderstood. I don't believe LedgerX allows shorting through their platform according to the trading document I read on their site.
Edit:
So I did a little reading of the LedgerX trader's rulebook. Some encouraging things I noticed:
1) Only market/limit order buying and selling
2) No shorting, no margin trading
3) Trading only available Mon. - Fri., 9AM -5PM (so essentially only during U.S. stock market hours)
4) Credit swaps fully collateralized
5) Have to meet certain hedge fund or individual investor requirements to become a member
6) Only available to U.S. based entities
7) Trading to commence inSeptember October
1) Only market/limit order buying and selling
2) No shorting, no margin trading
3) Trading only available Mon. - Fri., 9AM -5PM (so essentially only during U.S. stock market hours)
4) Credit swaps fully collateralized
5) Have to meet certain hedge fund or individual investor requirements to become a member
6) Only available to U.S. based entities
7) Trading to commence in
Thanks torque
Ok so basically I don't know anything about ledgerX but I'm guessing this is a good way for certain people to invest in bitcoin without buying coins so to speak.
How big is this news and why isn't anyone excited yet then?
