LedgerX on the Reasons to Trade Bitcoin Options - Ep.130

Juthica Chou, chief operating officer of LedgerX, talks about the company's new license to offer its derivatives to retail investors and the resulting platform, Omni. She walks through what call and put options are, how they work and why people and companies purchase them as opposed to just buying or selling bitcoin directly. We discuss why LedgerX believes physically settled bitcoin options are superior to cash-settled ones, how LedgerX handles hard forks, and other contracts focused on the technicals of crypto networks it could offer such as its halving contract. Plus, she describes what it was like to be building a Bitcoin-centered company during the "blockchain not Bitcoin" era. Sign up for the Virtues of the Crypto Revolution retreat with me, Meltem Demirors of CoinShares and Jalak Jobanputra of Future Perfect Ventures at Omega Institute!! Thank you to our sponsors! Crypto.com: https://www.crypto.com/ Kraken: https://www.kraken.com CipherTrace: http://ciphertrace.com/unchained Episode links: LedgerX: https://www.ledgerx.com Juthica Chou: https://twitter.com/juthica LedgerX blog posts introducing Omni: https://blog.ledgerx.com/the-long-game/ https://blog.ledgerx.com/introducing-omni-powered-by-ledgerx/ https://www.coindesk.com/cftc-approves-ledgerx-to-settle-futures-in-real-bitcoin https://www.coindesk.com/ledgerx-reveals-bid-to-beat-bakkt-to-physical-bitcoin-futures-launch CNBC interview with Ari Paul about why he bought $50,000 Bitcoin call option: https://www.cnbc.com/video/2017/12/26/man-behind-massive-bet-that-bitcoin-could-hit-50000.html Cheddar interview: more opportunity with the retail market: https://cheddar.com/media/ledgerx-wins-u-s-regulatory-approval-to-trade-bitcoin-futures Bitcoin halving contract: https://blog.ledgerx.com/a-new-type-of-contract-for-a-new-type-of-asset/ https://www.coindesk.com/ledgerx-unveils-betting-market-for-2020s-bitcoin-block-reward-halving Ledger on how to it would handle the Bitcoin Gold hard fork: https://www.ledgerx.com/s/LedgerX-LLC-Notice-to-Participants-2017-10.pdf Call option for $100k Bitcoin by December 2020: https://www.bloomberg.com/news/articles/2019-07-16/anybody-can-now-bet-on-bitcoin-100-000-with-new-call-options Unchained interview with Dan Morehead of Pantera Capital: https://unchainedpodcast.com/pantera-capital-how-bitcoin-could-reach-356000-in-a-few-years/ Cboe stops listing Bitcoin fuures: https://www.coindesk.com/cboe-puts-brakes-on-bitcoin-futures-listing https://www.wsj.com/articles/cboe-abandons-bitcoin-futures-11552914001 Why CME’s futures saw more volume than Cboe’s: https://www.coindesk.com/cme-cboe-bitcoin-futures How Bitcoin futures will be taxed: https://blog.ledgerx.com/less-taxation-with-digitization/ Doomschain clock/attitude toward private blockchains: https://blog.ledgerx.com/updating-the-doomschain-clock/ Oracle blog post: https://blog.ledgerx.com/how-to-talk-to-the-oracle/ Learn more about your ad choices. Visit megaphone.fm/adchoices