First Regulated Bitcoin Savings Account

Written by:
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Published on:
May/15/2018

Great news for gamblers and cryptocurrency investors alike as the first ever regulated bitcoin savings account has emerged.

Cryptocurrency asset management platform LedgerX has launched the new product aimed at serving bitcoin investors who want to buy -- and hold.

It is being billed as 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.

“Everything we do requires both the licenses," said Chief operating officer Juthica Chou in an interview with Forbes.com at her New York City headquarters. "And a lot of that is intentional because by making it a package deal we can offer a number of services to our customers in a really clear, vertically integrated way.”

- Aaron Goldstein, Gambling911.com

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