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Comment for Industry Filing 22-001

  • From: Norman M. Reed

    Comment No: 69423
    Date: 5/11/2022

    Comment Text:

    Binance.US is submitting a comment letter on the proposals by LedgerX, LLC d/b/a FTX US Derivatives (“FTX”) to revise its Amended Order of Registration as a derivatives clearing organization (“DCO”) dated September 2, 2020 to authorize FTX to clear margined products for all of its participants, including retail participants (“customers”) on a non-intermediated basis (FTX’s proposed revised amended order, “Revised Order”).