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.

Date Published: 22/06/2022