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ok, this is big
FTX US Acquires LedgerX
my questions, are they buying 100%? I know MIAX was involved in LedgerX -- i doubt they want to lose crypto exposure.
this may affect any retail volume being traded on $CME btc/eth futures/options on futureshttps://www.prnewswire.com/news-releases/ftxus-acquires-ledgerx-301365817.html …
It sounds like FTX bought 100% MIAX still has crypto exposure via bermuda stock exchange & ledgerX wasn't really getting traction in its current state, had internal issues when MIAX invested as well
yeah, but its a brilliant transaction since ledgerX wasnt moving on its own & now FTX can slap its famous name on it to attract trusting retail flows i was thinking about bermuda, all my bermudian contacts love crypto, just wasnt aware of how meaningful that exposure was
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