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[WATCH] A Chat with Founder, LedgerX (Now FTX.US) – The FTX Derivatives Exchange in the United States

BitKE caught up with James Wo, the founder of Digital Finance Group (DFG), the leading investor partner at LedgerX.

LedgerX is a U.S.-regulated crypto derivatives exchange and clearinghouse that offers around-the-clock trading to both institutional and retail investors. It offers physical settlement of all contracts, as well as algorithmic trading for institutional investors, among other services, according to a release. 

There are only 5 licensed derivatives platforms by the Commodity Futures Trading Commission (CFTC) and LedgerX (now FTX US) is one of them.

The only 5 licensed derivates platforms in the United States are:

  • CME Group
  • Bakkt
  • LedgerX
  • Bitnomial
  • AriseX

LedgerX was recently acquired by leading crypto exchange, FTX, and renamed to FTX US Derivatives.

The deal gives FTX.US a slew of licenses granted to LedgerX by the U.S. Commodity Futures Trading Commission. As such, the exchange can move to offer crypto futures, swaps and options to U.S. retail traders.

In this chat, James discusses:

  • Early start of LedgerX
  • U.S. CFTC licensing
  • The FTX buyout

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RECOMMENDED READING: FTX Acquires Ledger X Sending $FTT Token Price to All-Time Highs

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