# LedgerX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ledgerx

- Industry: Financial Services
- Headquarters: Miami, US
- Website: www.ledgerx.com
- Total disclosed funding: $1.5M
- Latest round: Series A (Jul 1, 2014)
- Investors on record: 7

## About

LedgerX LLC, based in the US, functions as a regulated exchange offering cash-settled Bitcoin options and derivatives for managing cryptocurrency price risk effectively.LedgerX LLC was founded in 2013 and is headquartered in Miami, US. The company specializes in providing a platform for trading Bitcoin options and derivatives. Founders Paul Chou, Shazad Boota, and Zach Dexter have experience in the financial technology sector. LedgerX has successfully completed a total of 9 deals, with its most recent funding round being a VENTURE DEBT round of USD 1.90 mn in August 2021, contributing to a total raised of USD 4.00 mn.LedgerX LLC specializes in cash-settled Bitcoin options, offering BTCRB binary options designed to help participants manage Bitcoin price risk throughout the trading day. Each contract is priced at USD 10 and allows for a minimum price fluctuation of USD 0.01. The company caters to both institutional and retail investors, focusing on cryptocurrency trading across North America, Europe, and Asia.LedgerX generates revenue primarily through transaction fees from trading its BTCRB binary options. Clients fund accounts in USD via wire transfers and trade through a web interface or API. With contracts priced at USD 10 each, revenue is driven by the volume and frequency of trades processed on the platform, serving both B2B institutional clients and retail investors directly.In August 2021, LedgerX entered into a strategic agreement with FTX Trading LTD. This partnership aims to leverage shared resources to enhance product offerings for retail and institutional traders. Future growth strategies include the introduction of new products designed to meet evolving market needs, with a focus on expanding into markets in Europe and Asia by 2023.

## Funding rounds

- Series A, Jul 1, 2014 — Lightspeed Venture Partners, GV, SV Angel, Blockchain Capital, TechU Ventures
- Seed, Mar 3, 2014, $1.5M — FundersClub, Cross Pacific Capital Partners, Blockchain Capital

## Investors

- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- Cross Pacific Capital Partners (https://capitalatlas.ai/funds/cross-pacific-capital-partners) — Seed
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Seed, Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- GV (https://capitalatlas.ai/funds/gv) — Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series A
- TechU Ventures (https://capitalatlas.ai/funds/techu-ventures) — Series A