ftx: FTX’s LedgerX attracts interest from Blockchain.com, Gemini: Report

Synopsis

Crypto trading platform FTX filed for bankruptcy protection in the United States on Nov. 11 in the highest-profile crypto blowup to date, after traders pulled billions from the platform in three days and rival exchange Binance abandoned a rescue deal.

FTX’s digital currency futures and clearinghouse LedgerX is up for sale and has attracted interest from crypto firms including Blockchain.com, Gemini, Bitpanda and Kalshi, Bloomberg reported on Friday, citing people familiar with the matter.

There could be over half a dozen other potential buyers for the crypto derivatives exchange, the people told Bloomberg, adding that some of the interested parties have signed non-disclosure agreements.

Blockchain.com, Gemini and Bitpanda did not immediately respond to ‘ request for comment, while Kalshi could not be reached for comment.

Crypto trading platform FTX filed for bankruptcy protection in the United States on Nov. 11 in the highest-profile crypto blowup to date, after traders pulled billions from the platform in three days and rival exchange Binance abandoned a rescue deal.

Did you Know?

S has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of S ’s offerings and reimagine processes for improved business outcomes.

View Details » LedgerX was omitted from the bankruptcy proceedings. FTX US acquired it last year to expand into crypto futures and options trading.
Print EditionPrint EditionSaturday, 03 Dec, 2022Experience Your Economic Times Newspaper, The Digital Way!Read Complete Print Edition »

  • Front Page
  • Pure Politics
  • Companies
  • Brands & Companies
  • More
    • Indices End 8-Day Rally Ahead of US Jobs DataIndices End 8-Day Rally Ahead of US Jobs Data

      Indian equities reversed their eight-day winning streak Friday, taking a pause on their record-breaking path as traders trimmed bullish bets ahead of key US jobs data and carried lighter positions to next week amid a negative undertone in global markets.

      Luxe EV Sales on Full Charge, Push up Waiting PeriodLuxe EV Sales on Full Charge, Push up Waiting Period

      Luxury carmakers are seeing unprecedented demand for high-end electric vehicles (EVs), with the well-heeled snapping up models such as the Mercedes Benz EQS, BMW iX and Audi e-tron.

      OpenAI’s Chatbot Thinks Out of the Box, Comes up with Detailed AnswersOpenAI’s Chatbot Thinks Out of the Box, Comes up with Detailed Answers

      A new chatbot created by artificial intelligence non-profit OpenAI Inc has taken the internet by storm, as users speculated on its ability to replace everything from playwrights to college essays.

    Source

    Updated: 12/03/2022 — 10:00