Crypto Asset Manager LedgerX Launches Bitcoin Volatility Index
has launched its first bitcoin () price volatility index. The launch of LedgerX Volatility Index (LXVX) was revealed to Cointelegraph by the company’s spokesperson on Jan. 14.
LedgerX is a cryptocurrency asset manager regulated by the Commodity Futures Trading Commission (). The official press release shared with Cointelegraph explains how the index is formed:
“The LXVX incorporates the level of fear and uncertainty in the blockchain market, and thus can be thought of as the “bitcoin fear index,” in the same way the VIX is commonly referred to as a stock market fear index by market commentators.”
According to the press release, the company will draw the data for LXVX from the bitcoin options product that it already offers to its customers.
LedgerX’s COO Juthica Chou has said that the new index can help traders and investors monitor risk. Chou also noted that LXVX is currently down by about 20 percent from the beginning of the year.
While LXVX isn’t a tradeable product as of right now, making it one is reportedly part of the company’s plans for the future.
As Cointelegraph in May 2018, LedgerX has launched the first ever CFTC-licensed bitcoin savings product.
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Singaporean cryptocurrency platform has entered into its beta phase, offering a handful of new services. The blockchain supported platform combines its own digital wallet service, exchange, as well as a merchant platform, for community members to trade currencies and interact with one another.
Initiated by MIT fintech course committee members in early 2016, the COSS initiative’s success is a direct result of a collaborative effort between course participants, the COSS development team and company CEO Rune Evensen. After careful project planning which culminated at the end of 2016, the beta phase of the COSS cryptocurrency ecosystem is now underway.
COSS has been touted as a self-sustaining ecosystem, able to support numerous additional startups within its structure and a design that allows an infinite lifespan. Learning from past mistakes of the bitcoin development team, the COSS team is focused on platform security, which, along with plans and platform’s technical specifications, is outlined in the company’s 2017 whitepaper.
The aims to provide maximum usability and simplicity for its users, within an ecosystem design that can be handled by not just the technically gifted but everyday crypto-enthusiasts. The platform’s system combines cryptocurrency and fiat services to users, over a single registered account.
COSS beta soft launch version utilizes a fully operational payment gateway (POS) system, on its exchange. The beta platform gives new users a feel of the COSS platform as its development comes to fruition. In addition to the cryptocurrency exchange, COSS will soon wheel out its additional features, including a crowdfunding tool, ICO platform, third-party plugins, Market cap/coin overviews, blockchain forum, remittance and payment gateway.
COSS cryptocurrency platform utilizes as its native currency through Ethereum smart contracts. The smart contracts serve to govern the distribution, validation, value and confirmation of the VEROS tokens. In addition to VEROS, the COSS platform supports a broad range of cryptocurrencies, with the fiat-to-crypto conversion feature made possible by its exchange. In the next phase, the platform will incorporate all the previously mentioned changes, while making room for further feature addition and updates.
