Cryptocurrency asset management platform LedgerX has launched a new bitcoin savings product aimed at serving bitcoin investors who want to buy—and hold.
Launched today, the first bitcoin savings accounts to be offered by a company with two different CFTC licenses allow investors to earn a yield in fiat on their bitcoin holding. Instead of just sitting on the cryptocurrency and hoping it appreciates, the LedgerX Savings product lets investors—or savers as the case may be—do what’s called a call overwrite.
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