Cointime

Download App
iOS & Android

FTX US Subsidiary LedgerX Has Potential Buyers

FTX’s digital currency futures and clearing house LedgerX is for sale and several cryptocurrency companies, including Blockchain.com, Gemini, Bitpanda, and Kalshi, have expressed interest in purchasing the business.

The persons told Bloomberg that there could be more than half a dozen more potential purchasers for the cryptocurrency derivatives exchange, and that some of the interested firms have inked non-disclosure contracts.

On November 11th, arguably the most known crypto meltdown to date, the cryptocurrency trading platform FTX filed for bankruptcy in the United States after users withdrew billions of dollars in three days and a competing exchange, Binance, refused to take over.

However, the bankruptcy filings did not include LedgerX. Last year, FTX US bought it to enter the options and the futures markets for cryptocurrencies.

Additionally, the bankruptcy procedures may benefit from up to $175 million that LedgerX of FTX proposes to disburse recently.

Moreover, the bankruptcy procedures may benefit from up to $175 million that LedgerX of FTX proposes to disburse recently.

Ultimately, FTX owes up to $3 billion to its top 50 investors and has roughly a million debtors, therefore the funds will be used to pay part of those obligations down.

FTX Meltdown Had Adverse Effects

After the resignation of founder and CEO Sam Bankman-Fried, FTX filed for Chapter 11 bankruptcy and there are signs that the number of creditors may exceed one million.

There have been ongoing efforts to discover the causes of the FTX meltdown by looking at the reasons behind the exchange’s liquidity crisis.

The US House Financial Services Committee has also scheduled a hearing on the circumstances surrounding FTX’s demise for December 13.

Moreover, Gemini, a leading cryptocurrency exchange in the United States, has said it will continue to collaborate with Genesis and Digital Currency Group (DCG), the parent company of Genesis, to develop a plan that will allow customers to withdraw funds through its Earn programme.

FTX
Comments

All Comments

Recommended for you

  • ETH breaks through $2100

    market shows ETH breaking through $2100, currently at $2100.24, with a 24-hour increase of 7.65%. The market is highly volatile, please manage your risks accordingly.

  • BTC falls below $66,000

    the market shows BTC falling below 66,000 USD, currently at 65,996.42 USD, a 24-hour decline of 2.35%, with significant market fluctuations, please manage your risk properly.

  • YesGo Makes Its Public Debut: Joining Forces with Ecosystem and Industry Leaders to Usher in a New Era of On-Chain Native Commerce

    Hong Kong, February 11, 2026 – As one of the most visionary cross-sector dialogues held during Hong Kong Consensus Week, the YesGo Ecosystem Partner Meeting concluded successfully yesterday. This closed-door event, spearheaded by YesGo and co-hosted by Nexus Chain and compliant digital asset exchange CoinMy, brought together a select group of global ecosystem partners, industry KOLs, and media representatives.

  • The number of Americans filing for unemployment benefits last week was 227,000.

     initial jobless claims in the United States last week were 227,000, estimated at 224,000, previous value was 231,000.

  • BTC breaks through $68,000

     the market shows BTC breaking through $68,000, currently at $68,023.93, with a 24-hour decline of 1.36%. The market is highly volatile, please manage your risk accordingly.

  • [Consensus HK] ENI CEO Arion Ho: Decentralization is an Engineering Choice, Not a Slogan

    At the Consensus Hong Kong 2026 summit, ENI Founder and CEO Arion Ho joined the DeFi Lead at CoinDesk and executives from Paradigm and Blockdaemon to debate the future of DeFi decentralization. Ho delivered a sharp critique of the industry’s current trajectory, asserting that decentralization should never be about "slogan-style freedom," but is fundamentally a rigorous engineering choice.

  • Trump praised the non-farm payroll data and urged the Federal Reserve to cut interest rates to the "lowest in the world."

    US President Trump posted on social media, "Employment data is excellent, far exceeding expectations! The US should pay much less interest on borrowing costs (bonds!). We have once again become the world's number one power, and therefore deserve the lowest interest rates ever. This will bring at least one trillion dollars in interest savings annually — the budget will not only be balanced but will have a substantial surplus. Wow! The golden age of America has arrived!!!"

  • BTC falls below $67,000

    the market shows BTC falling below $67,000, currently at $66,991.58, with a 24-hour decline of 3.41%. The market is highly volatile, please manage your risk accordingly.

  • BTC falls below $69,000

     the market shows BTC fell below 69,000 USD, currently at 68,996.18 USD, with a 24-hour decline of 2.21%. The market is highly volatile, please manage your risk accordingly.

  • BTC falls below $70,000

     the market shows BTC falling below $70,000, currently at $69,990, with a 24-hour decline of 1.04%. The market is highly volatile, please manage your risk accordingly.