Transaction · Crypto / Digital Assets · 2021

FTX US / Ledger Holdings 2021

FTX US acquired Ledger Holdings on October 1, 2021.

Target
Ledger Holdings
Acquirer
FTX US
Announced
October 1, 2021
Sub-sector
Crypto / Digital Assets

Transaction overview

  • FTX US announced the acquisition of Ledger Holdings on October 1, 2021.
  • The deal is expected to close pending customary conditions.

Strategic rationale

FTX US acquired Ledger Holdings (parent of LedgerX) to expand derivatives offerings and regulatory compliance in US crypto derivatives markets.

Deal terms & multiples

Deal value
Target revenue
Target EBITDA
EV / Revenue
EV / EBITDA
Announcement
October 1, 2021
Acquirer
FTX US (Strategic)

Frequently asked questions

When did FTX US announce the acquisition of Ledger Holdings?

FTX US announced the acquisition of Ledger Holdings on October 1, 2021.

What sub-sector is Ledger Holdings in?

Ledger Holdings is tracked in the Crypto / Digital Assets sub-sector.

Sources