On July 31, Bitcoin derivatives supplier LedgerX announced that it had launched its first physical settlement of bitcoin futures contracts in the US on Wednesday. These contracts pay the dealers in bitcoin instead of dollars. Any US resident with a government-issued ID card can now trade a real Bitcoin futures contract. LedgerX offers new products to institutional and retail investors, allowing any transaction that can be made through the Known Customer (KYC) process, not just institutional customers. Although LedgerX is not the first bitcoin futures supplier in the US, it is the first to offer physical delivery.