Bankrupt FTX to sell crypto derivatives platform LedgerX for $50m

Bankrupt FTX to sell crypto derivatives platform LedgerX for $50m

FILE PHOTO: Representations of cryptocurrencies are seen in front of displayed decreasing stock graph in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration

FTX has reached an agreement to sell its crypto derivatives platform LedgerX LLC to an affiliate of Miami International Holdings Inc for $50 million, the bankrupt crypto exchange said on Tuesday.