LedgerX, a federally-regulated institutional trading and clearing platform for conducting cryptocurrency swaps and options trades, has introduced a new binary contract for bitcoin (BTC). In an official blog post, LedgerX’s development team noted that their LedgerX Halving Contract (LXHC) will allow users to bet on what they think will be the date of the next halving of bitcoin mining rewards. Every four years, the compensation bitcoin miners receive (for validating blocks of transactions) is reduced by 50% and this event/process is commonly referred to as “halving.”
