Jill Sommers, former commissioner of the Commodity Futures Trading Commission (CFTC), has joined the board of CFTC-regulated digital asset futures and options exchange and clearinghouse FTX US Derivatives.
The company, previously known as LedgerX, has made crypto-related options and swaps contracts available to investors 24/7 since launching in 2017.
FTX US Derivatives is available to retail and institutional investors and offers physical settlement of all contracts, block trading and algorithmic trading opportunities for institutional investors, and direct access for all traders.
"I am honored to be joining the FTX US Derivatives Board of Directors to advance the mission of reshaping market structure in the United States," Sommers said.
Sommers said FTX US Derivatives will continue working closely with regulators to further establish the company as the premier regulated crypto derivatives trading platform.
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