The $ 50 million sale of the bankrupt FTX-owned crypto derivatives exchange LedgerX has been completed.
of Miami International Holdings (MIH) digital options trading platform MIAXwhich is part of FTX’s bankruptcy case LedgerX officially he bought. FTX from the said sale transaction. $50 million revenue achieved. According to court records, approximately 117 prospective buyers while expressing that he is interested in assets 56 of them specifically reviewed LedgerX.
Miami International Holdings, which stands out among the offers, was the party that won the tender. One of LedgerX’s other suitors OKC USA Holdings speaking on behalf of spokesman, that they have no objections to the decision, but that the banking partner of FTX borrowers Bruce Mendelsohn made by a declaration in relation to reserves the right to compensation reported that he was detained.
CEO of MIAX’s parent company, Miami International Holdings Thomas Gallagher In his statement, he stated that the acquisition was an important step for their company:
The acquisition of LedgerX represents an important part of our growth strategy by expanding our ability to introduce new and innovative products to the swap and futures industry. We are pleased to complete this acquisition as we continue to implement our strategy to operate regulated financial markets, both in the US and internationally.
U.S. District Court of Delaware approval of the transactions regarding the said sale. May 4 and paved the way for Miami International Holdings.