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From a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX

Bitcoin.com
From a Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX
Binance
From a Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTXDuring the last two days, the cryptocurrency community has been dealing with the FTX fiasco after Binance revealed that it was backing out of the deal to acquire the rival exchange. Between Nov. 8-9, the crypto economy shed more than $230 billion in value as FTX’s troubles shook investors. The following is an in-depth look […]
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JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

Coinbase Derivatives Exchange Reveals Nano Bitcoin Futures Product

Bitcoin.com
Coinbase Derivatives Exchange Reveals Nano Bitcoin Futures Product
1/100th of a bitcoin
Coinbase Derivatives Exchange Reveals Nano Bitcoin Futures ProductOn June 27, Coinbase Derivatives Exchange (formerly Fairx exchange) announced it will launch its first crypto derivatives investment vehicle pegged to the value of 1/100th of a bitcoin. The new “nano bitcoin futures” product will be listed under the ticker “BIT.” Coinbase derivatives are regulated by the Commodity Futures Trading Commission (CFTC). Coinbase Introduces BIT, […]
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JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

FTX CEO Sam Bankman-Fried Says Exchange Looking To Make Multi-Billion Dollar Investments for Expansion: Report

The Daily Hodl
FTX CEO Sam Bankman-Fried Says Exchange Looking To Make Multi-Billion Dollar Investments for Expansion: Report
Blockchain
FTX CEO Sam Bankman-Fried Says Exchange Looking To Make Multi-Billion Dollar Investments for Expansion: Report

The chief executive of Seychelles-based crypto exchange FTX reportedly says that the company is ready to make multi-billion dollar investments to expand its operations. According to Bloomberg, FTX CEO and co-founder Sam Bankman-Fried says that the company has set aside over $2 billion from fundraising events to finance investments in other firms. “FTX is a […]

The post FTX CEO Sam Bankman-Fried Says Exchange Looking To Make Multi-Billion Dollar Investments for Expansion: Report appeared first on The Daily Hodl.

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JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last Month

Bitcoin.com
Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last Month
30 day data
Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last MonthDigital currency markets have been tumultuous during the past month as bitcoin shed 15.43% and ethereum dropped 17.49% against the U.S. dollar. Moreover, crypto spot volumes are down 18.95% lower than the month prior, and both futures and options volumes were down in April as well. Lower than average trade volumes typically suggest overall interest […]
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JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

Matrixport Launches ‘BTC-U Range Sniper’ — Returns Up to 200% for Accurate Predictions

Bitcoin.com
Matrixport Launches ‘BTC-U Range Sniper’ — Returns Up to 200% for Accurate Predictions
Bit.com
Matrixport Launches ‘BTC-U Range Sniper’ — Returns Up to 200% for Accurate PredictionsThe financial asset services platform Matrixport has introduced a variety of new products since the firm raised $100 million in a Series C financing round during the first week of August. Following the launch of the company’s “ETH2.0 Staking Earn” earning service, Matrixport has introduced another service product called “BTC-U Range Sniper” which allows traders […]
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JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

Expanding ecosystem and LedgerX acquisition send FTX Token (FTT) to a new ATH

Coin Telegraph
Expanding ecosystem and LedgerX acquisition send FTX Token (FTT) to a new ATH
Adoption

FTT price soared to a new all-time high after FTX exchange added LedgerX to its ever-expanding list of acquisitions and partnerships.

Real-world adoption and brand awareness are one of the best ways for a blockchain project to increase its value and attract new users to users to its ecosystem. 

One project that has seen massive growth throughout 2021 thanks to its increasing public exposure and exciting protocol launches and partnerships is FTX, a crypto-derivatives trading platform founded by Sam Bankman-Fried and Gary Wang.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low near $50 on Aug. 31, the price of FTT catapulted 42% higher to a new all-time high at $66.50 on Sep. 1 as its 24-hour trading volume increased by 200% to $1.675 billion.

FTT/USDT 4-hour chart. Source: TradingView

The sudden burst in momentum came following the Aug. 31 announcement that FTX US, the United States-based arm of the exchange, would be acquiring  LedgerX, a fully licensed, U.S.-based options and futures trading platform.

Through this acquisition, the company will now be able to offer regulated crypto futures and options trading to the US market.

FTX has had a busy year of partnerships and publicity generating moves such as purchasing the naming rights for several stadiums and becoming the official crypto exchange sponsor of Major League Baseball, but many feel that this is the biggest development to date for the platform because it gives FTX US a unique product in the US marketplace.

Related: FTX crypto exchange seals $210M naming rights deal for esports behemoth TSM

And just to show that it also has an ear on the pulse of the cryptocurrency community, FTX also recently announced plans to list the up and coming Star Atlas gaming metaverse and NFT ecosystems, a highly anticipated project that looks to capture the surging momentum of the NFT and gaming sectors.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

Digital Currency Firm FTX Acquires Crypto Derivatives Platform Ledgerx

Bitcoin.com
Digital Currency Firm FTX Acquires Crypto Derivatives Platform Ledgerx
Bankman-Fried
Digital Currency Firm FTX Acquires Crypto Derivatives Platform LedgerxOn Tuesday, West Realm Shire Services Inc., the parent company of the crypto exchange FTX, announced that the firm has acquired the Commodity Futures Trading Commission (CFTC) regulated digital currency futures and options exchange and clearinghouse Ledgerx. FTX Acquires Virtual Currency Futures and Options Exchange Ledgerx Ledgerx has been acquired by the cryptocurrency giant FTX, […]
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JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

Bitcoin and Crypto Exchange Consolidation: FTX.US Buys LedgerX

The Daily Hodl
Bitcoin and Crypto Exchange Consolidation: FTX.US Buys LedgerX
Bitcoin

Cryptocurrency derivatives exchange FTX has acquired digital asset management platform LedgerX for an undisclosed amount. LedgerX is regulated by the Commodity Futures Trading Commission (CFTC) and serves both retail and institutional investors. FTX CEO Sam Bankman-Fried said on Twitter that he was looking forward to working in a more regulated environment with the CFTC: “We’re […]

The post Bitcoin and Crypto Exchange Consolidation: FTX.US Buys LedgerX appeared first on The Daily Hodl.

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JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

FTX.US acquires Bitcoin derivatives platform LedgerX

Coin Telegraph
FTX.US acquires Bitcoin derivatives platform LedgerX
Coin Telegraph

FTX.US acquires LedgerX for an undisclosed amount to dive into Bitcoin and Ether futures trading.

FTX.US, the United States-based affiliate of Sam Bankman-Fried’s cryptocurrency exchange FTX, is acquiring crypto derivatives platform LedgerX for an undisclosed amount.

FTX.US’ owner West Realm Shire Services announced on Aug. 31 that the company had executed a sale and purchase agreement to acquire LedgerX’s parent company Ledger Holdings. The deal is expected to close, pending satisfaction of customary closing conditions, the firm noted.

LedgerX is a digital currency futures and options exchange regulated under the Commodity Futures Trading Commission (CFTC), Swap Execution Facility (SEF), and Derivatives Clearing Organization (DCO). The platform is available for retail and institutional investors, allowing them to trade cryptocurrency futures with the physical settlement of all contracts.

According to the announcement, the acquisition will have no material impact on LedgerX's operations as the platform will continue to provide its current services to its existing customer base. The deal will reportedly provide FTX.US with the ability to offer options and futures contracts on Bitcoin (BTC) and Ether (ETH) to institutional and retail investors, significantly expanding its spot trading services.

Related: SEC could approve Bitcoin futures ETF in October, analysts predict

“We believe the integration of our technological capabilities, product portfolio and large balance sheet with LedgerX will enhance our ability to provide innovative products to all US cryptocurrency traders,” FTX.US President Brett Harrison said. He also noted that it’s crucial for the industry to strive for relationships with regulators like the CFTC.

The news comes after FTX.US’ affiliate global crypto exchange FTX posted the largest private fundraiser in the crypto history, raising $900 million in July. The company’s CEO Bankman-Fried said in a Monday Forbes interview that the crypto derivatives market is a “somewhat misunderstood area” so far, but it has the potential to significantly expand wider crypto markets by adding liquidity and making them more efficient in general.

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JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

Over $4 Billion in Bitcoin Options Set to Expire Friday, BTC Derivatives Markets Still Frothy

Bitcoin.com
Over Billion in Bitcoin Options Set to Expire Friday, BTC Derivatives Markets Still Frothy
$4 Billion
Over Billion in Bitcoin Options Set to Expire Friday, BTC Derivatives Markets Still FrothyBitcoin options markets are set to see a large expiry on Friday as more than 77,000 BTC worth over $4 billion in derivatives contracts are set to expire. The lion’s share of bitcoin options stems from the derivatives trading platform Deribit, as the exchange has more than $11 billion in open interest today. Sizzling Hot […]
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JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

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