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US Trading Platform LedgerX Introduces Binary Wager on Bitcoin Halving

United States-regulated trading and clearing platform LedgerX has released a new type of derivative contract unique to Bitcoin (BTC), according to a blog post published on Feb. 5.

The new product called LedgerX Halving Contract (LXHC) represents a binary option — an option where the payoff is either a fixed monetary amount or nothing — that settles to the estimated next time that Bitcoin halves.

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