FTX.US purchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk.
The availability of the spot market means traders no longer have to go elsewhere to exchange major cryptocurrencies and can set up multi-leg complex strategies at one place.
As more institutional investors seek exposure to the crypto sector, financial instruments called "crypto derivatives" are particularly appealing. B2C2 CEO Nicola White explains how they work and why traders chose to trade derivatives instead of spot.