{"id":332815,"date":"2021-08-31T16:42:13","date_gmt":"2021-08-31T13:42:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ftx-us-acquires-bitcoin-derivatives-platform-ledgerx\/"},"modified":"2021-08-31T16:42:13","modified_gmt":"2021-08-31T13:42:13","slug":"ftx-us-acquires-bitcoin-derivatives-platform-ledgerx","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ftx-us-acquires-bitcoin-derivatives-platform-ledgerx\/","title":{"rendered":"# FTX.US acquires Bitcoin derivatives platform LedgerX"},"content":{"rendered":"

“# FTX.US acquires Bitcoin derivatives platform LedgerX <\/strong>”
\n<\/p>\n

FTX.US, the United States-based affiliate of Sam Bankman-Fried\u2019s cryptocurrency exchange FTX, is acquiring crypto derivatives platform LedgerX for an undisclosed amount.<\/p>\n

FTX.US\u2019 owner, West Realm Shire Services,\u00a0announced<\/a>\u00a0on Tuesday that the company had executed a sale-and-purchase agreement to acquire LedgerX\u2019s parent company, Ledger Holdings. The deal is expected to close, pending satisfaction of customary closing conditions, the firm noted.<\/p>\n

LedgerX is a digital currency futures and options exchange regulated under the Commodity Futures Trading Commission, Swap Execution Facility and Derivatives Clearing Organization. The platform is available for retail and institutional investors, allowing them to trade cryptocurrency futures with the physical settlement of all contracts.<\/p>\n

According to the announcement, the acquisition will have no material impact on LedgerX\u2019s operations as the platform will continue to provide its current services to its existing customer base. The deal will reportedly provide<\/a> FTX.US with the ability to offer options and futures contracts on Bitcoin (BTC) and Ether (ETH) to institutional and retail investors, significantly expanding its spot trading services.<\/p>\n

Related: <\/em><\/strong>SEC could app<\/a>rove Bitcoin futures ETF in October, analysts predict<\/em><\/strong><\/p>\n

\u201cWe believe the integration of our technological capabilities, product portfolio and large balance sheet with LedgerX will enhance our ability to provide innovative products to all US cryptocurrency traders,\u201d FTX.US president Brett Harrison said. He also noted that it\u2019s crucial for the industry to strive for relationships with regulators such as the CFTC.<\/p>\n

The news<\/a> comes after FTX.US\u2019 affiliate global crypto exchange, FTX, posted the largest private fundraiser in crypto history, raising $900 million in July. The company\u2019s CEO, Sam Bankman-Fried,\u00a0said in a Monday Forbes interview that the crypto derivatives market is a \u201csomewhat misunderstood area\u201d so far, but it has the potential to significantly expand crypto markets wider by adding liquidity and making them more efficient in general<\/a>.<\/p>\n