The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bitcoin and Crypto Exchange Consolidation: FTX.US Buys LedgerX

by Daily Hodl Staff
August 31, 2021
in Bitcoin, Regulators, Trading

Cryptocurrency derivatives exchange FTX has acquired digital asset management platform LedgerX for an undisclosed amount.

LedgerX is regulated by the Commodity Futures Trading Commission (CFTC) and serves both retail and institutional investors.

FTX CEO Sam Bankman-Fried said on Twitter that he was looking forward to working in a more regulated environment with the CFTC:

“We’re excited to work with the @CFTC on innovating in the US crypto derivatives space in a regulated, understood manner. Common ground between regulators and industry is the foundation of safe, sustainable innovation.”

The acquisition comes on the heels of several recent big moves by FTX.

In July, the company closed $900 million in a Series B funding round, bringing its total valuation to $18 billion.

Last week, FTX partnered with Japanese exchange Liquid by infusing $120 million after the platform was hacked for an estimated $90 million. The two entities have also “entered good faith discussions in pursuit of further collaborative opportunities.”

LedgerX CEO and co-founder Zach Dexter says of today’s announcement,

“US crypto derivatives is an incredibly underserved market. FTX.US has taken the view, which we share, that US regulators are ready and willing to partner on innovative products, and it’s the responsibility of the industry as a whole to step up and work with agencies like the CFTC.”

FTX president Brett Harrison explained that beyond regulatory compliance, the move will help to achieve the company’s strategic goals.

“We believe the integration of our technological capabilities, product portfolio and large balance sheet with LedgerX will enhance our ability to provide innovative products to all US cryptocurrency traders. We believe it is incumbent upon the industry to be proactive and to seek out working relationships with regulatory groups… to help shape the future of our industry.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix



 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/dibrova

Submit a Press Release

Industry Announcements

  • Venom Foundation Achieves 150,000 TPS in Closed-Network Stress Test, Paving the Way for 2025 Mainnet Upgrade
    May 23, 2025
  • XDC Network’s XVC Tech Announces Investment in Laser Digital Carry Fund, Launches Institutional Fund Infrastructure With Libre
    May 22, 2025
  • Psy Develops First Trustless Bridge From Dogecoin to Solana
    May 22, 2025
  • Mantle and Republic Technologies Forge Strategic Partnership To Pioneer Institutional mETH Integration
    May 22, 2025
  • BTCC Exchange Appoints Dan Liu as CEO Ahead of 14th Anniversary Milestone
    May 21, 2025
  • Bitcoin Suisse Secures In-Principle Approval From ADGM’s Financial Services Regulatory Authority
    May 21, 2025
  • Beer 2.0 – The Memecoin That’s Brewing Something Bigger on Solana
    May 20, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$107,812.89
$107,812.89
3.33%
Ethereum
$2,537.52
$2,537.52
6.57%
BNB
$663.29
$663.29
3.78%
Solana
$174.80
$174.80
5.09%
XRP
$2.32
$2.32
6.03%

Spotlight

  • Bitcoin To Eclipse $200,000 As Economic Volatility Subsides, Says Bitwise CIO Matt Hougan – Here’s the Timeline
    May 16, 2025
  • Bitcoin Flirting With Danger As BTC Faces Major Resistance Level, Says Trader Jason Pizzino – Here’s His Outlook
    May 16, 2025
  • Google Issues Cybersecurity Alert to US Retailers, Says Hackers Who Paralyzed UK Counterparts Now Targeting American Stores
    May 16, 2025
  • US Senators Make Potential Progress on Stablecoin Bill Amid Partisan Negotiations: Report
    May 16, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl