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1110 Brickell Avenue 

Suite 430k-200 

Miami, FL 33131 

www.ledgerx.com

November 12, 2021

VIA COMMISSION PORTAL

Christopher J. Kirkpatrick

Secretary, Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, D.C. 20581

Re: Weekly Notification of Rule Amendments [Reg. 40.6(d))]

LedgerX LLC Submission No. 21-24

Dear Mr. Kirkpatrick:

LedgerX LLC (“LedgerX”) hereby submits to the Commodity Futures Trading 

Commission (the “Commission”), pursuant to Section 5c(c) of the Commodity Exchange Act (the 

“CEA”) and Commission Regulation 40.6(d), this weekly notification following rule amendments 

made effective during the week of November 1, 2021. The new Fee Schedule attached hereto as 

Appendix B became effective on November 2, 2021. 

The changes and amendments to the LedgerX Fee Schedule are reflected in a redlined copy 

designated as Appendix A. The final version of the revised LedgerX Fee Schedule is attached as 

Appendix B.

Compliance with Core Principles

LedgerX has reviewed the core principles (“Core Principles”) set forth in the Commodity 

Exchange Act and has concluded the new Fee Schedule may most directly implicate the following 

Core Principles.

The new fee schedule is consistent with SEF Core Principle 2, and CFTC Regulation 

37.2020(a) in that the criteria governing access are impartial, transparent, and applied in a fair and 

non-discriminatory manner. It is also consistent with DCM Core Principle 2 and CFTC 

Regulation 38.151(b) in that it provides persons with trading privileges with impartial access to 

the LedgerX market, including access criteria that are impartial, transparent, and applied in a nondiscriminatory manner. It is also consistent with DCO Core Principle C and CFTC Regulation 

39.12 in that it provides for fair and open access for participation.

Certification

LedgerX certifies that the Fee Schedule complies with the CEA and Commission 

Regulations thereunder. LedgerX additionally certifies that it has concurrently posted a copy of 
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this submission letter and the attachments hereto on LedgerX’s website at https://ledgerx.com/. 

LedgerX is not aware of any or substantive opposing views.

Please contact the undersigned at rahul@ledgerx.com if you have any questions or you 

would otherwise like to discuss this further.

Sincerely,

Rahul Sharma

Deputy General Counsel, LedgerX
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APPENDIX A
LedgerX Fee Schedule

Trading Fees

Day-Ahead Bitcoin Minis Swap

Fees: $0.05/contract. 1 contract = 0.01 BTC

Bitcoin Mini Futures

Fees: $0.05/contract. 1 contract = 0.01 BTC

Bitcoin Mini Options

Fees: $0.15/contract. 1 contract = 0.01 BTC

Day-Ahead USD/ETH Deci Swaps

Fees: $0.05/contract. 1 contract = 0.1 ETH

USD/Eth Deci Options

Fees: $0.15/contract. 1 contract = 0.1 ETH

Please note, the fee can never be higher than 20% of the option premium per contract. If $0.15 is 

more than 20% of the option premium per contract, the fee will be 20% of the option premium 

per contract.

Withdrawal Fees

A withdrawal fee of 0.000251 BTC will be charged to the Participant per BTC withdrawal.

A withdrawal fee of 0.0004 ETH will be charged to the Participant per ETH withdrawal.
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APPENDIX B
LedgerX Fee Schedule

Trading Fees

Day-Ahead Bitcoin Minis Swap

Fees: $0.05/contract. 1 contract = 0.01 BTC

Bitcoin Mini Futures

Fees: $0.05/contract. 1 contract = 0.01 BTC

Bitcoin Mini Options

Fees: $0.15/contract. 1 contract = 0.01 BTC

Day-Ahead USD/ETH Deci Swaps

Fees: $0.05/contract. 1 contract = 0.1 ETH

USD/Eth Deci Options

Fees: $0.15/contract. 1 contract = 0.1 ETH

Please note, the fee can never be higher than 20% of the option premium per contract. If $0.15 is 

more than 20% of the option premium per contract, the fee will be 20% of the option premium 

per contract.

Withdrawal Fees

A withdrawal fee of 0.00025 BTC will be charged to the Participant per BTC withdrawal.

A withdrawal fee of 0.0004 ETH will be charged to the Participant per ETH withdrawal.