The ink has dried on an acquisition announced by FTX.US in August, revealing a multipronged approach by the American arm of Sam Bankman-Fried’s trading empire.
Regulated futures exchange LedgerX will now be known as FTX US Derivatives, FTX.US said Monday.
The deal gives the crypto exchange a slew of licenses granted to LedgerX by the U.S. Commodity Futures Trading Commission. In doing so, FTX.US can offer crypto futures, swaps and options to U.S. retail traders.
“We believe the integration of the two organizations provides us with not only a technological advantage, but also furthers our working relationship with the regulatory community in a positive, constructive and transparent manner,” FTX.US President Brett Harrison said in a statement.
Since August, Harrison’s outfit has rolled out a non-fungible token (NFT) marketplace. The parent company also raised a meme-friendly $420 million from 69 investors.
