LedgerX for sale, with interest from Blockchaincom, Gemini, others Bloomberg

Crypto derivatives exchange and clearinghouse LedgerX is for sale, with Blockchain.com and Gemini among those interested in acquiring the firm, Bloomberg reported late Friday. LedgerX is one of the few solvent entities remaining in the FTX group of companies. LedgerX is planning to make $175 million available for use in FTX’s bankruptcy proceedings, Bloomberg reported on Nov. 29. It would come from a $250 million fund LedgerX was planning to use for a CFTC application aimed at getting regulatory approval to “clear crypto derivatives trades without intermediaries,” according to Bloomberg.