Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: Cordillerabit on November 21, 2017, 11:14:42 AM

Title: First Long-Term LedgerX Bitcoin Option Pegs Price at $10,000
Post by: Cordillerabit on November 21, 2017, 11:14:42 AM

Called a Long-Term Equity Anticipation Security (LEAPS), the trade was matched by the platform this morning and is set to expire on December 28, 2018. Under the terms of the deal, the buyer has the right to buy bitcoin at a price of $10,000 at that date, or almost a 30 percent premium on today's price.

Chou said:

"There will be, I expect, a lot more trades down the line. This is the first one, but it at least gives you the first guess from different institutional traders as to what bitcoin's dynamics will look like from now until 2018."

https://www.coindesk.com/first-long-term-ledgerx-bitcoin-option-pegs-price-10000-one-year/

Title: Re: First Long-Term LedgerX Bitcoin Option Pegs Price at $10,000
Post by: Delilonia on November 23, 2017, 12:58:25 PM

Is this news related to the leap project?