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News

FTX’s LedgerX Attracts Interest From Blockchain.com, Gemini

December 3, 2022 - Around 1 mins mins to read
FTX’s digital currency futures and clearinghouse LedgerX is up for sale and has attracted interest from crypto firms including Blockchain.com, Gemini, Bitpanda and Kalshi, Bloomberg reported on Friday, citing people familiar with the matter.
FTX's LedgerX Attracts Interest From Blockchain.com, Gemini

The insiders told Bloomberg that there may be more than a dozen more prospective purchasers for the cryptocurrency derivatives exchange, and they added that some of the interested firms have signed non-disclosure agreements.

In the highest-profile crypto meltdown to date, cryptocurrency trading site FTX filed for bankruptcy protection in the US on November 11 after users withdrew billions from the platform in just three days and rival exchange Binance abandoned a rescue plan.

In the bankruptcy proceedings, there was no mention of LedgerX. In order to grow into trading cryptocurrency futures and options, FTX US purchased it last year.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

Bitpanda and Kalshi

blockchain.com

FTX

FTX's digital currency

Gemini

LedgerX

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

FTX’s LedgerX Attracts Interest From Blockchain.com, Gemini

FTX’s digital currency futures and clearinghouse LedgerX is up for sale and has attracted interest from crypto firms including Blockchain.com, Gemini, Bitpanda and Kalshi, Bloomberg reported on Friday, citing people familiar with the matter.
FTX's LedgerX Attracts Interest From Blockchain.com, Gemini

The insiders told Bloomberg that there may be more than a dozen more prospective purchasers for the cryptocurrency derivatives exchange, and they added that some of the interested firms have signed non-disclosure agreements.

In the highest-profile crypto meltdown to date, cryptocurrency trading site FTX filed for bankruptcy protection in the US on November 11 after users withdrew billions from the platform in just three days and rival exchange Binance abandoned a rescue plan.

In the bankruptcy proceedings, there was no mention of LedgerX. In order to grow into trading cryptocurrency futures and options, FTX US purchased it last year.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

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