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FTX.US Acquires LedgerX
West Realm Shire Services Inc. ("FTX.US" or "the Company"), a leading US-regulated cryptocurrency exchange, today announced that it executed a sale and purchase agreement to acquire Ledger Holdings Inc., parent company of LedgerX LLC. ("LedgerX"), a Commodity Futures Trading Commission (CFTC) regulated digital currency futures & options exchange and clearinghouse. The acquisition is anticipated to close, pending satisfaction of customary closing conditions. Brett Harrison, President of FTX.US, commented on the news, "This acquisition marks a significant milestone for our rapidly growing US business and is a key part ... (full story)
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FTX.US acquires crypto derivatives exchange LedgerX
FTX.US, the U.S. affiliate of crypto exchange FTX, has acquired crypto derivatives exchange LedgerX for an undisclosed sum. The deal is expected to close sometime in October, FTX.US president Brett Harrison told The Block. While the deal's financial terms have not been disclosed, LedgerX is a profitable entity and has raised around $35 million in total funding to date, said Harrison. Launched in 2017, LedgerX has had a controversial history. In 2019, the exchange's co-founders Paul and Juthica Chou were placed on administrative leave after a tussle with the U.S. Commodity Futures Trading Commission (CFTC). LedgerX, ... (full story)
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