Back

Robinhood Acquires Former FTX Platform LedgerX to Expand Prediction Markets

Robinhood has purchased LedgerX, once owned by the collapsed crypto exchange FTX, as part of its strategy to enter the prediction market space.

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Prediction Market: A platform where participants can trade contracts based on the outcome of future events.
  • LedgerX: A cryptocurrency derivatives platform formerly owned by the now-defunct exchange FTX.
  • FTX: A collapsed cryptocurrency exchange that filed for bankruptcy in 2022.