Ripple among other companies interested in FTX 2.0

Ripple among other companies interested in FTX 2.0

FTX, under CEO John Ray III, previously shared plans to restart the collapsed FTX cryptocurrency exchange as part of a bankruptcy restructuring.

FTX publishes list of “trading partners”

According to a June 22 filing in the Delaware Bankruptcy Court, FTX consultant Alvarez & Marsal released a list of “trading parties.” These are entities with a partial or full interest in the relaunch of FTX 2.0 that have been contacted and signed a non-disclosure agreement, providing more details on the restructuring and relaunch of the exchange.

Notable names on the trading side include Ripple Labs, Nasdaq, Galaxy Digital, BlackRock, Tribe Capital, Robinhood, NYDIG, and OKCoin.

However, this is not an exclusive list of potential buyers or investors, but parties interested in the crypto exchange. FTX’s debtors plan to process the sale in the third or fourth quarter of this year. One of these companies is likely to become the leader of rates.

Companies are looking to invest in FTX 2.0 as a team led by CEO John Ray III works on a letter on the application process, stakeholders, engaging market makers, and relaunching FTX Japan.

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