Derivatives Market

It is reported that FTX has changed the auction date of its derivatives trading platform, Ledger X, from March 22 to April 4. It is reported that this is the second time to modify the auction date, and the auction venue is Sullivan& Cromwell office, sales hearing will be held on April 12th. The notification of the successful bidder shall be sent within one working day after the auction ends. FTX modifies the auction date of derivatives trading platform LedgerX to April 4th Analysis based on this information:FTX, a popular cryptocurrency exchange platform, has announced that it is postponing the auction date of Ledger X, their derivatives trading platform to April 4. This comes after the auction date was already rescheduled once, creating uncertainty around the future of the platform. The auction’s new venue is Sullivan & Cromwell office, and the sales hearing will be held on April 12th. The auction will be followed by the notification of the successful…