Deal Snapshot
FTX US Acquires Clearing Firm Embed to Enhance FTX Stocks
Wednesday 22 June 2022

US-based cryptocurrency exchange West Realm Shires Inc (FTX US) has acquired Embed Financial Technologies Inc., including its wholly-owned subsidiary Embed Clearing LLC, a new FINRA, DTC, NSCC, NASDAQ, and IEX member clearing firm, the company said.

Embed specializes in providing whitelabel brokerage services and APIs to broker-dealers and registered investment advisors. The acquisition is anticipated to close, pending satisfaction of customary closing conditions and regulatory approval. The price of the acquisition will not be disclosed.


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Details
Date Published: 22/06/2022

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