LedgerX is a Swap Execution Facility and Derivatives Clearing Organization that specializes on cryptocurrency derivatives. LedgerX has the U.S. Commodity Futures Trading Commission’s (CFTC) approval to trade and clear swaps on digital money. Ledgerx also offers Bitcoin options trading and clearing. LedgerX options allow users the opportunity to earn a fiat-based yield on Bitcoin by making a contract that gives them the right to sell or buy an asset at a specified price on a specified date when they think it would be profitable due to price changes. Some of products of LedgerX are CFTC-regulated. The company launched the first CFTC-regulated Bitcoin saving account on the market. LedgerX is currently being run by Paul Chou — the CEO and co-founder of the company, who is a computer scientist and an experienced securities trader.
Four businesses up for sale as part of bankruptcy proceedings include Embed, LedgerX, FTX Japan and FTX Europe.
FTX units on auction block draw 117 interested buyers: Court filing
While the group of 18 customers does not want to prevent the sales from occurring, it argued it needs to be involved to ensure that customers’ interests are rep...
FTX customers want more info on FTX’s plans to sell subsidiaries
The four businesses FTX wants to sell had only recently been acquired, and lawyers argue this simplifies the sale process.
FTX wants permission to sell FTX Japan and FTX Europe as well as LedgerX
”The customer property at LedgerX — the CFTC-regulated entity — has remained exactly where it should be, segregated and secure,” Rostin Behnam said at a hearing...
CFTC Chairman Rostin Behnam cites LedgerX as success story amid FTX collapse
FTT price soared to a new all-time high after the FTX exchange added LedgerX to its ever-expanding list of acquisitions and partnerships.
Expanding ecosystem and LedgerX acquisition send FTX Token (FTT) to a new ATH
FTX.US acquires LedgerX for an undisclosed amount to dive into Bitcoin and Ether futures trading.
FTX.US acquires Bitcoin derivatives platform LedgerX
$675 million worth of Bitcoin options expired today. Experts debate its potential impact on Bitcoin’s price.
Experts Debate Bitcoin Price Volatility as $675M in BTC Options Expire