Bloomberg: LedgerX Put Up for Sale

The LedgerX cryptocurrency derivatives exchange, part of the FTX group, is up for sale. Bloomberg reports.

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According to the agency, interest from buyers has been shown by no fewer than 10 firms. Among them are Blockchain.com, Gemini and Bitpanda. The source added that another ‘around six people’ could join.

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In 2019, LedgerX received a license as an authorised derivatives exchange from CFTC. At the same time, the platform announced the launch of deliverable Bitcoin futures. Later, the regulator stated that it had not granted permission for this.

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In the summer of 2021, FTX’s US subsidiary announced plans to give clients access to trading cryptocurrency derivatives. Later, the structure acquired LedgerX.

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In November 2022, FTX Trading, Alameda Research and more than 130 affiliated companies filed for bankruptcy. LedgerX LLC did not make the list.

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Earlier, the cryptocurrency derivatives exchange will allocate $175 million for use in the bankruptcy proceedings of the FTX Group’s parent structure, according to Bloomberg.

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