LedgerX Withdraws Clearing Application

LedgerX Withdraws Clearing Application

On Friday, November 11, 2022, counsel for LedgerX LLC, d/b/a FTX US Derivatives (FTX), submitted to the Commodity Futures Trading Commission’s Division of Clearing and Risk a formal withdrawal of FTX’s request, originally submitted on December 6, 2021, to amend FTX’s Amended Order of Registration as a derivatives clearing organization to allow FTX to offer products that are not fully collateralized.

The application was not approved.

Source: CFTC

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