LedgerX Sold! Great Interest From The Crypto Industry

According to a report published by Bloomberg recently, FTX crypto derivatives trading platform located south of the group of companies LedgerX goes on sale. It is known that LedgerX is one of the subsidiaries that can fulfill its financial obligations despite the bankruptcy of the FTX exchange.

According to the news, many crypto giants lined up to buy the LedgerX platform. Blockchain.com, Gemini, bitpanda and Kalshi It is said that companies such as LedgerX are in talks with LedgerX officials for the purchase.

LedgerX CEO Zach Dexter has not yet responded to the allegations.

What is LedgerX? What Role Does It Play in FTX Bankruptcy?

LedgerX is a cryptocurrency trading platform used by the FTX exchange for futures and options trading. The exchange offers institutional investors physical payment for options and futures. However, individual investors can also access the platform if they wish.

LedgerX operates in accordance with US CFTC regulations. The company was acquired by the FTX exchange in October 2021 and changed its name to FTX.US Derivatives. According to the rumor recently, LedgerX set aside $175 million for the FTX exchange to be used in bankruptcy proceedings.

LedgerX CEO Zach Dexter announced that the company is in the power to pay after the news of bankruptcy.

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