{"id":48634,"date":"2021-08-31T17:13:54","date_gmt":"2021-08-31T14:13:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48634"},"modified":"2025-09-02T03:13:50","modified_gmt":"2025-09-02T00:13:50","slug":"ftx-us-acquires-ledgerx-a-cryptocurrency-derivatives-exchange","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ftx-us-acquires-ledgerx-a-cryptocurrency-derivatives-exchange\/","title":{"rendered":"FTX.US acquires LedgerX, a cryptocurrency derivatives exchange"},"content":{"rendered":"<p>FTX.US, the American arm of the cryptocurrency exchange FTX, has acquired LedgerX, a regulated exchange specializing in cryptocurrency derivatives.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1) This is probably one of the most exciting announcements we&#8217;ve ever had.<a href=\"https:\/\/twitter.com\/ftx_us?ref_src=twsrc%5Etfw\">@ftx_us<\/a> + <a href=\"https:\/\/twitter.com\/ledgerx?ref_src=twsrc%5Etfw\">@ledgerx<\/a><a href=\"https:\/\/t.co\/nQmk2mx3i1\">https:\/\/t.co\/nQmk2mx3i1<\/a><\/p>\n<p>\u2014 SBF (@SBF_FTX) <a href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1432682800784846850?ref_src=twsrc%5Etfw\">August 31, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The deal terms were not disclosed. The parties plan to close it in October.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe believe the industry should take the initiative and build working relationships with regulators, such as the <span data-descr=\"US Commodity Futures Trading Commission\" class=\"old_tooltip\">CFTC<\/span>, to help shape its future,\u201d <a href=\"https:\/\/www.prnewswire.com\/news-releases\/ftxus-acquires-ledgerx-301365817.html\">said<\/a> Brett Harrison, president of FTX.US.<\/p>\n<\/blockquote>\n<p>The company emphasised that LedgerX would continue to provide its current products and services to existing clients.<\/p>\n<p>The parties plan to develop products for retail and institutional traders, devote significant resources to developing relationships with regulators, and promote innovation in line with the &#8216;stringent standards of the US financial services industry&#8217;.<\/p>\n<p>According to Block Research, in 2021 the volume of cryptocurrency futures<a href=\"https:\/\/www.theblockcrypto.com\/data\/crypto-markets\/futures\"> \u0444\u044c\u044e\u0447\u0435\u0440\u0441\u0430\u043c\u0438<\/a> and<a href=\"http:\/\/theblockcrypto.com\/data\/crypto-markets\/options\"> \u043e\u043f\u0446\u0438\u043e\u043d\u0430\u043c\u0438<\/a> traded was about $23 trillion, compared with spot trading (more than $13 trillion).<\/p>\n<p>In 2019 LedgerX received a license as a designated contract market (DCM) from the CFTC. At that time the platform announced the launch of physically settled Bitcoin futures. The regulator later said it had not granted permission to launch this instrument.<\/p>\n<p>The company accused the CFTC of deliberately delaying consideration of its application to launch a derivatives clearing organization (DCO). Later that year the platform&#8217;s founders, Paul and Jyoti Chow, were removed from management following a clash with CFTC Chair Christopher Giancarlo.<\/p>\n<p>LedgerX currently holds DCO licenses and swap execution facility (SEF) licenses from the CFTC, according to the press release.<\/p>\n<p>In August<a href=\"https:\/\/u1f987.com\/en\/news\/ftx-us-to-offer-clients-access-to-crypto-derivatives-trading\"> FTX.US announced plans<\/a> to give clients access to trading cryptocurrency derivatives by the end of 2021.<\/p>\n<p>Follow ForkLog News on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTX.US, the American arm of the cryptocurrency exchange FTX, has acquired LedgerX, a regulated exchange specializing in cryptocurrency derivatives.<\/p>\n","protected":false},"author":1,"featured_media":48635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1236,1640,26],"class_list":["post-48634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ftx","tag-ledger","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48634"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48634\/revisions"}],"predecessor-version":[{"id":48636,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48634\/revisions\/48636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48635"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}