FTX.US (West Realm Shire Services) Acquires LedgerX (Ledger Holdings Inc.)

Miami International Holdings Acquires LedgerX

May 19, 2023

Financial Services

Miami International Holdings, Inc. (MIH) has completed its acquisition of LedgerX LLC from Ledger Holdings Inc. in connection with the FTX debtors' bankruptcy proceedings. LedgerX is a CFTC-regulated derivatives exchange and clearinghouse, and MIH said the purchase expands its ability to offer new products to the swaps and futures industry.

FTX US (West Realm Shires) Acquires Embed Financial Technologies

June 21, 2022

Financial Services

West Realm Shires Inc. (FTX US) announced it will acquire Embed Financial Technologies Inc., including its wholly owned subsidiary Embed Clearing LLC, to integrate clearing, custody and white‑label brokerage capabilities into FTX Stocks. The deal—subject to customary closing conditions and regulatory approvals—will allow FTX US to route, execute, clear and custody equities and options trades and offer brokerage services to other businesses; the purchase price was not disclosed.

Coinbase Acquires FairX to Build Regulated Crypto Derivatives Offering

January 12, 2022

Financial Services

Coinbase announced it is acquiring FairX (operating as LMX Labs, LLC), a CFTC-designated derivatives exchange, to accelerate the launch of regulated crypto derivatives for retail and institutional customers in the United States. The deal gives Coinbase a regulated trading venue and associated infrastructure and talent, enabling it to offer listed futures initially through FairX's partner ecosystem and eventually to all Coinbase customers; the transaction is subject to customary closing conditions.

FTX (West Realm Shires) Acquires Storybook Brawl Developer Good Luck Games

March 22, 2022

Media & Entertainment

West Realm Shires, Inc. (owner of FTX US) has acquired Olympia, Washington–based game developer Good Luck Games, maker of the card autobattler Storybook Brawl. The studio will be integrated into FTX Gaming as FTX seeks to expand gaming capabilities and explore ethical blockchain integration for digital game assets.

Polymarket Acquires CFTC-Licensed Exchange and Clearinghouse QCEX for $112 Million

July 24, 2025

Financial Services

Polymarket has acquired the holding company of QCEX — the operator of a CFTC-licensed derivatives exchange (QCX, LLC) and clearinghouse (QC Clearing LLC) — for $112 million. The deal enables Polymarket to re-enter the U.S. market with a fully regulated trading and clearing framework, expanding its prediction-market platform to U.S. users under regulatory oversight.

United Fintech Acquires Trade Ledger

November 5, 2025

Cloud & SaaS

United Fintech, a London-based digital transformation group for financial institutions, has acquired 100% of Trade Ledger, an AI-native lending platform, in an all-share transaction. Trade Ledger will retain its leadership and brand while becoming part of United Fintech’s Commercial Banking division to accelerate AI-driven lending and commercial banking automation.