FTX.US buys cryptocurrency derivatives exchange LedgerX – Bits Media

FTX US branch completes acquisition of LedgerX derivatives exchange. The amount of the deal was not disclosed, the parties plan to close it in October 2021 of the year.

The new acquisition will give FTX.US the opportunity to offer options and futures contracts for bitcoin and ether as large, and small investors. Although the financial terms of the deal were not disclosed, LedgerX is a profitable company and has attracted investments worth at least $35 million.

"We believe, that the integration of our technological capabilities, portfolio of products and resources with LedgerX will expand the ability to provide innovative products to all cryptocurrency traders in the United States", – said FTX.US President Brett Harrison (Brett Harrison).

LedgerX сохранит собственную клиентскую базу и продолжит предоставление услуг в обычном порядке. Харрисон сказал, что нынешняя команда, менеджмент и правление LedgerX «превосходны». He added, that LedgerX is “the only company, which was able to launch the retail cryptocurrency options market in the United States"

According to The Block Research, The volume of trading in futures and options for Bitcoin and Ethereum this year amounted to about $23 trillion compared to cryptocurrency spot trading volumes, not exceeding $13 trillion.

IN 2019 year, the LedgerX exchange said, that it has received an authorized derivatives market license (DCM) от Комиссии по торговле товарными фьючерсами (CFTC). Тогда же платформа объявила о запуске поставочных фьючерсов на биткоин. Позже регулятор заявил, that I did not give permission to run this tool.