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”).
