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FTX Withdraws Request to List Non-Collateralized Offerings

LedgerX LLC, d/b/a FTX US Derivatives (FTX), submitted to the CFTC's Division of Clearing and Risk a formal withdrawal of FTX's request to amend FTX's Amended Order of Registration as a derivatives clearing organization. The request would have allowed FTX to offer products that are not fully collateralized.

The clearing application had not yet been approved.

Primary Sources

  1. CFTC Press Release: LedgerX Withdraws Clearing Application

Tags

Regulated Activities
Exchange Listing Registration Requirement
Regulated Entities
Markets
Sub-Entity
Clearing Organizations
Regulated Products
Digital Assets
Body of Law
CEA Regulation
Jurisdiction
US - Federal
Organization
CFTC, NFA, CFTC Markets
Sub-Author
CFTC