FTX US completed its acquisition of Ledger Holdings, parent company of LedgerX, a CFTC-regulated digital currency futures and options exchange and clearinghouse.

FTX US, a leading U.S.-regulated cryptocurrency exchange, will operate the acquired business under the name “FTX US Derivatives.”  The acquisition provides FTX US with a CFTC-regulated Designated Contract Market, Swap Execution Facility and Derivatives Clearing Organization, which is expected to enable FTX to continue in its mission of creating products for retail and institutional traders while further developing a strong working relationship with the U.S. regulatory community.

The S&C team that advised FTX included Mitch Eitel, Ken Li, Mitchell Friedman and Linda Yao. David Gilberg and Aaron Levine advised on CFTC-regulatory matters. Sarah Remmer Long and Jessica Barriere advised on executive compensation. Justin Orr and Elizabeth Cheung advised on intellectual property matters. Renata Hesse, Eric Queen, Bradley Smith and Clea McClellan advised on antitrust and HSR matters. Eric Kadel advised on CFIUS matters.