FTX US Joins International Swaps and Derivatives Association

The crypto exchange plans to work with the association to build up crypto derivatives markets in the U.S. and around the world, CEO Sam Bankman-Fried tweeted.

AccessTimeIconDec 9, 2021 at 6:22 p.m. UTC
Updated May 11, 2023 at 5:52 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Cryptocurrency exchange FTX’s U.S. subsidiary is now a member of the International Swaps and Derivatives Association (ISDA), FTX Trading CEO Sam Bankman-Fried wrote in a tweet Thursday.

  • The ISDA has more than 960 member institutions from 78 countries, according to its website. Members include corporations, investment managers and regional banks. The ISDA, which was started in 1985, says it helps “make the global derivatives markets safer and more efficient.”
  • FTX, which specializes in offering derivatives to its global customers, has been making a major push to also offer them to its U.S. customers with its acquisition of Ledger X, which it has renamed FTX US Derivatives.
  • ”We are looking forward to working alongside ISDA and their CEO Scott O’Malia as we continue to build up crypto derivatives markets in the United States and globally,” Bankman-Fried added in the tweet.
  • FTX didn’t immediately respond to a request for additional comment for this story.
  • SEC's Crypto Enforcement Actions in 2023
    02:07
    SEC's Crypto Enforcement Actions in 2023
  • How Much Money Are Terrorists Actually Raising in Crypto?
    1:09:58
    How Much Money Are Terrorists Actually Raising in Crypto?
  • Cost of Not Enacting Crypto Regulation Is 'Extremely High,' Legal Expert Says
    01:31
    Cost of Not Enacting Crypto Regulation Is 'Extremely High,' Legal Expert Says
  • Ripple Exec Says Singapore Is a 'Significant Hub for Our Business'
    08:06
    Ripple Exec Says Singapore Is a 'Significant Hub for Our Business'
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Author placeholder image

    Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.