LedgerX is impacting the market already

From their website:

"LedgerX aims to launch in September 2017 for the trading and clearing of physically-settled put and call options and day-ahead swaps. Participants will be able to connect through the API or execute trades on the Web Trading Interface. The LedgerX Rulebook describes the platform rules."

This is a much bigger deal than people realize. I think a large part of Bitcoins run the last few weeks is the frontrunning of this wall of institutional money that firms like LedgerX will bring to the crypto currency market.

There are some big money players out there that do not yet feel comfortable with the current options available for parking lots of money in the cryptocurrency market. LedgerX may start to bring that legitimacy, and hence that money, to the table.