LedgerX, a crypto futures and options exchange and clearinghouse regulated by the US Commodity Futures Trading Commission (CFTC) and acquired by FTX.US is reportedly in buyout talks with Gemini and Blockchain.com.
As per a report from Bloomberg, Bitpanda and Kalshi are also among companies interested in buying the platform. Although no details have not been released, reports say LedgerX has already signed a non-disclosure agreement with some of the parties. In general, at least 10 firms have demonstrated their interest in acquiring LedgerX.
FTX.US acquired LedgerX last year for under $500 million, according to reports. In August 2019, LedgeX became the first platform in the US to launch regulated bitcoin futures contracts with physical settlement. American institutional and retail investors can exchange options and futures on LedgerX's Omni platform.
