• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Crypto FTX Bitcoin BTC BTCUSD Ethereum ETH ETHUSD

Crypto Exchange FTX Buys LedgerX, How They Will Move Into The Derivatives Sector

Reynaldo Marquez
by Reynaldo Marquez
4 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto exchange FTX and its U.S.-based affiliate FTX.US continue to expand in and beyond the space. CEO of FTX International Sam Bankman Fried confirmed that the platform acquired Bitcoin and Ethereum derivatives exchange LedgerX.

This platform has been licensed by the Commodity and Futures Trading Commission (CFTC) and will allow FTX.US to offer crypto-based derivates to U.S. citizens. Their products are comprised of futures contracts, options, and swaps on BTC and ETH. The purchase was made for an undisclosed amount.

The deal is set to close as early as October 2021. Thus, FTX will be able to compete with U.S.-based crypto exchanges Coinbase, the Chicago Mercantile Exchange (CME), and Gemini. The CEO of FTX.US Brett Harrison said:

We want to plant our flag in something that is uniquely ours. Going into the derivatives market is such a natural extension…FTX International has two years of running an exchange with $500 billion monthly volume in derivatives without seeing serious liquidations or having nearly any downtime. It feels like this is clearly within our wheelhouse.

On the other hand, Bankman Friend called this acquisition one of the company’s must “exciting” announcements since its inception. In addition, he expressed his excitement to work with the CFTC on “innovation in the U.S. crypto derivatives space in a regulated, understood manor”.

The crypto derivatives sector attracted a lot of attention from politicians, and regulators in the U.S., high ranking members of this country’s Senate are particularly concerned about some products that enable users to take up to 100x in leverage positions.

As a consequence, many crypto exchanges have been changing their Know Your Customer (KYC) and Anti Money Laundering (AML) policies, making them mandatory. Also, Binance and other platforms reduced the amount of leverage available for their users.

Crypto Exchange FTX.US And Its Efforts To Work With Regulators

The CEO of FTX International thanked Harrison, and Zach Dexter, co-founder, and CEO of crypto derivatives platform LedgerX.  Dexter said the following on their partnership:

(…) we honestly couldn’t have found a better partner for US crypto derivatives than the @ftx_us team. Sam Bankman Friend (@SBF_FTX), Brett Harrison (@Brett_FTXUS) & Ryne Miller (@_Ryne_Miller) are committed to working with regulators. we’re going to go a very long way together.

In an interview with CNBC, the CEO of FTX.US Harrison was asked if the LedgerX acquisition hints at more regulations for cryptocurrencies. Harrison emphasized that crypto derivatives are already regulated via a regiment enforced by the CFTC.

However, the crypto spot market lacks a “similar” framework to that of equities exchanges in the traditional market. Therefore, he added the following:

It’ll be interesting to see where we head in the future. The SEC, the CFTC, some jurisdiction between them, in terms of coming up with an actual framework for cryptocurrencies and how that might relate to the existing derivatives regime (…).

At the time of writing, Bitcoin trades at $46,938. The first cryptocurrency by market cap has seen selling pressure in the past week, as it was rejected from the lows at $50,000.

Crypto Bitcoin BTC BTCUSD
BTC moving sideways in the daily chart. Source: BTCUSD Tradingview
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Reynaldo Marquez

Reynaldo Marquez

Follow

As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.

Full Profile

Related Posts

New Report Finds Digital Wallet Boom as Investors Watch Best Wallet Token

Growing Digital Wallet Adoption Amongst Younger Generation Bodes Well For Best Wallet Token

1 hour ago
Bitcoin Hyper Presale Explodes Past $13M as One of 2025's Best Presales

Bitcoin Hyper Presale Explodes Past $13M as One of 2025’s Best Presales

1 hour ago
Best Altcoins to Buy After Sudden Whale Shift from Bitcoin to Ethereum

Best Altcoins to Buy After Sudden Whale Shift from Bitcoin to Ethereum

2 hours ago
Best Crypto to Buy Now According to Grok – How AI Tools Deliver Better Returns

Best Crypto to Buy Now According to Grok – How AI Tools Deliver Better Returns

2 hours ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 1)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 1)

Just now
Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 1)

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 1)

Just now
Please login to join discussion

Premium Sponsors

Press Releases

  • BAY Miner Launches Mobile App, Unlocking Daily Income...

    2 minutes ago
  • BTC & XRP ETFs Fuel Market Buzz as Cloud Mining Surges...

    38 minutes ago
  • miner

    Digital asset mining accelerates: FY Energy Cloud Mining...

    2 hours ago
  • Най-добрата криптовалута за покупка

    Най-добрата криптовалута за...

    4 hours ago
  • Cloud Mining

    Can Cloud Mining Earn You $100,000 a Month? The Most...

    20 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.