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LedgerPrime company logo
Corporation
INTERNET | Internet Software & Services / Asset & Financial Management & Trading
ledgerprime.com

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Founded Year

2017

Stage

Series A | Alive

Total Raised

$12M

Last Raised

$12M | 3 yrs ago

About LedgerPrime

LedgerPrime is a digital asset management firm that trades in the spot and derivatives markets for cryptocurrency. It specializes in quantitative trading strategies.

LedgerPrime Headquarter Location

152 Madison Ave

New York, New York, 10016,

United States

Latest LedgerPrime News

FTX US completes acquisition and rebrand of LedgerX

Oct 26, 2021

The Trade FTX US completes acquisition and rebrand of LedgerX Following the acquisition, LedgerX has been rebranded to FTX US Derivatives but will continue to provide its current offering to its existing customer base. The deal was first announced in August this year for an undisclosed sum. Following the successful acquisition, FTX US has disclosed that it has rebranded LedgerX to FTX US Derivatives. “The completion of this acquisition is just the first step of many to provide the FTX US user base with access to the best products on the market. It should also be seen as a pivotal moment for FTX US as we continue to execute on our strategy to bring regulated crypto derivatives to our US user base,” said Breet Harrison, president of FTX US. “We believe the integration of the two organisations 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.” Now that FTX US has completed the sale and purchase agreement for the acquisition of LedgerX, it will gain several operational designations including a CFTC regulated Designated Contract Market (DCM), Derivatives Clearing Organisation (DCO), and Swap Execution Facility (SEF), which will be available to retail and institutional investors 24/7. In addition, institutional investors will be offered block trading and algorithmic trading opportunities. According to FTX US, the acquisition will have no material impact on LedgerX’s operations as it will continue to provide its current offerings to its existing customer base. “As the regulatory environment in the crypto ecosystem continues to evolve, we look forward to acting as a resource and an example of how the protections afforded by proper regulatory oversight and licensing can boost consumer confidence and facilitate safe and reliable exchange platforms,” said Zach Dexter, chief executive of FTX US Derivatives. “The most important facet of this acquisition of LedgerX is that it allows us to do that. FTX US Derivatives will continue to strive to be a part of the regulation conversation and ensure that the operational standards required by the CFTC are maintained.” FTX Trading, affiliate of FTX US, recently raised $420 million in a Series B-1 funding round . The funding round will allow FTX to expand into new jurisdictions and improve upon its current offerings. In addition, the funding round, which included approximately 70 investors, saw FTX Trading’s valuation climb to $25 billion.

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Expert Collections containing LedgerPrime

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

LedgerPrime is included in 3 Expert Collections, including Blockchain.

B

Blockchain

3,480 items

Companies and startups in this collection leverage blockchain technology for crypto investing and trading, decentralized finance (DeFi), NFTs, and more.

C

Capital Markets Tech

800 items

Companies in the capital markets tech space are providing software and/or services for investment banks, hedge funds, investment managers, and so forth. Companies included use technology across the front, middle, and back-offices and streamline all pre- and post-trade operations.

F

Fintech

7,165 items

US-based companies

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