The U.S. Commodity Futures Commission (CFTC) makes LedgerX the first federally regulated bitcoin options exchange and clearing house authorized to list and clear bitcoin options for the institutional market.
The officials claim FTX-affiliated Alameda Research had largely repaid the $8 billion borrowed from Genesis Trading, a few weeks before the former filed for Chapter 11 bankruptcy protection.
FTX got the nod earlier this year to sell some of its business units.
Interested buyers may officially begin to indicate their interests between January 18 and February 1.
FTX debtors have prioritized selling four businesses owned by the company, however, the US bankruptcy trustee in FTX’s case has argued that FTX has provided very little information on what’s actually being sold.
Earlier, FTX made a number of targeted acquisitions that established it as a market leader in the digital currency ecosystem.
LedgerX may be the golden horse that gives FTX creditors hope of recovering some of their funds.
A market analyst has spotted a pattern in the fund transfers made by the FTX hacker to OKX. The crypto exchange said that it is investigating into the matter.
The CFTC Chairman Rostin Behnam is set to appear before a US Senate Committee Hearing on Thursday to testify about the now-bankrupt FTX trading platform.
With the growing crackdown on digital currency trading platforms around the world, FTX Derivatives exchange is quite focused on getting it right with market watchdogs, a move that is currently been shown by its recent acquisitions.
It is important to note that despite the acquisition, no material impact is expected to occur on LedgerX operations as it will continue to provide its current offerings to its existing customer base.
According to the recent data from Skew, Bitcoin options trading is becoming more popular in the market than futures or swaps.
BlockFi has operated with zero losses since its inception and is well poised to lead the market for institutional clients across the globe. Now it has hired new managers to continue its growth.
Bitnomial, unlike CME, appears to focus on physically-settled contracts, it means that clients can get the actual Bitcoin when the contract expires, rather than the fiat equivalent.
Bitcoin options market is rising, per the crypto analytics firm Skew, with a massive money inflow from institutional investors. Yesterday, the volume of crypto derivatives trading was only increasing, reaching the level of almost $200 million.
It has become known that crypto exchange OKEx will launch Bitcoin options trading later in December.