FTX.US acquires crypto derivatives exchange LedgerX

Quick Take

  • FTX.US 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.

FTX.US, the U.S. affiliate of crypto exchange FTX, has made its first acquisition. The company has bought out 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