Miami International Holdings, represented by its subsidiary MIAX, has just announced it has reached an agreement to buy cryptocurrency derivatives platform LedgerX for $50 million.
The acquisition is reportedly an important part of the company's growth strategy.
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Thomas Gallagher, CEO of Miami International Holdings, has said:
"The acquisition of LedgerX represents an important part of our growth strategy, expanding our ability to offer new and innovative products to the swaps and futures industry."
FTX's US division announced in the summer of 2021 its intention to offer access to crypto derivatives trading for its clients. Subsequently, the structure acquired LedgerX.
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In December last year, Bloomberg reported the platform was up for sale. According to the publication, around 10 companies showed interest in the purchase, including Blockchain.com, Gemini and Bitpanda.