The deal comes amid robust trading in crypto options market.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.MIAX said it has acquired LedgerX from Ledger Holdings Inc. as part of the bankruptcy proceedings of cryptocurrency exchange FTX.FTX US bought LedgerXas part of a push into derivatives push in the United States.
"The acquisition of LedgerX represents an important part of our growth strategy, expanding our ability to offer new and innovative products to the swaps and futures industry,", chairman and CEO of MIAX's parent company Miami International Holdings, Inc. said in a statement."We are pleased to complete this acquisition ... as we continue to execute on our strategy of operating regulated financial markets both in the U.S. and internationally.
Founded in 2014, LedgerX was an early entrant to the cryptocurrency options market. The firm, however, struggled to trade higher volumes. The company is led by CEO Zach Dexter. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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