LedgerX

LedgerX is a New York-based CFTC-regulated cryptocurrency derivatives exchange and clearinghouse founded in 2013. The company was the first federally regulated exchange to list and clear fully collateralized, physically settled bitcoin options and swaps. Registered with the CFTC as a swap execution facility, derivatives clearing organization, and designated contract market, LedgerX built its infrastructure to offer institutional-grade crypto derivatives to professional traders. The company was acquired by FTX US in October 2021 for approximately $298 million, during which it was rebranded as FTX.US Derivatives, and subsequently sold to Miami International Holdings (M7 Holdings) in April 2023 for $50 million during FTX's bankruptcy proceedings. LedgerX holds three CFTC licenses, making it one of the most comprehensively regulated entities in the US crypto derivatives market.