FAQ: FTX US Account Integration

About the FTX.US Integration

FTX US Derivatives is connecting to FTX US! The FTX.US integration will be gradually rolled out in phases. Please reference this page for status updates. 

Phase 1: Individual Account linkage. Link your personal FTX US Derivatives account with your FTX.US account (Gradual Rollout: April 2022)

Phase 2: Only Eligible Contract Participants (ECPs) will be able to buy and sell ETH Next-Day Deci Swap Contracts on the FTX US Derivatives SEF platform (Effective: June 23, 2022)

Phase 3: Company Account linkage. Link your FTX US Derivatives company account with your FTX.US account (Rollout: TBD)

Phase 4: Zero fee, instant funds transfer between platforms (Rollout: TBD)

Phase 5: Offering of Margined Products (Rollout: TBD, pending CFTC approval)

Phase 1: Individual Account Linkage/Merge

Link/create an FTX.US account in order to properly sync your FTX US Derivatives information. (Account linkage will only apply to individual accounts at this time, Company accounts will be connected at a later time.)

On FTX US Derivatives, users can either log in with their FTX US Derivatives credentials or they can log into FTX US by clicking on the FTX US Login button. You cannot use your FTX US Derivatives credentials to log into FTX.US. 

View a summary of open orders, positions, and funds history from your FTX US Derivatives account under the subaccount Fully-Collateralized Derivatives (DCM). This is separate from the FTX.US Main Account. 

Steps to Link to an FTX.US Account

Steps to Link to an FTX.US Account

  1. Log into FTX US Derivatives
  2. Click "Link account to FTX.US" displayed on either the popup window at log-in, top banner of platform or within settings under the “my profile” section
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  3. If you already have an FTX US account, enter in your FTX.US credentials. If you do not have an existing FTX.US account, you will be able to create one on the next screen.
  4. Confirm email for the FTX US account linkage
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  5. Receive confirmation once accounts have successfully been connected. Users can also view account linkage confirmation under the “my profile” section here.
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  6. On FTX US Derivatives, users can either log in with their FTX US Derivatives credentials or they can log into FTX US by clicking on the FTX US Log in button
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  7. On FTX.US, navigate to the Wallet dropdown on the top right of the platform > click profile > hover over to the subaccount Fully-Collateralized Derivatives DCM
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  8. View a summary of open orders, positions, and funds history from your FTX US Derivatives account under the subaccount Fully-Collateralized Derivatives (DCM)
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  9. No further action is required after accounts have been linked. You can continue to trade on https://app.ledgerx.com.
Questions on Individual Account Linking
  • The legacy FTX US Derivatives (formerly LedgerX) interface won’t be going away… we have options listed until March 2023! 
  • You will not be able to change your physical address in FTX US Derivatives (LX) once linked. These changes will have to occur directly on FTX.US.
  • Users can view a summary of open orders, positions, and funds history from your FTX US Derivatives account under the subaccount Fully-Collateralized Derivatives (DCM). This is separate from the FTX.US Main Account. 
New York Residents
Due to the current restrictions that FTX.US has in New York State, New York residents will be able to create an FTX US account for read-only purposes.  Residents of NY are able to sign up for FTX US but cannot trade, deposit or withdraw to/from the spot platform.

Phase 2: ETH Next-Day Swap Contracts only available to ECPs

Starting on Thursday, June 23, 2022, ETH Next-Day Deci Swaps will no longer be available for all participants to trade on the FTX US Derivatives DCM platform. The last ETH Next-Day Deci Swaps contract so listed will be the: ETH-23JUN2022-NextDay.

As part of our ongoing integration with FTX.US, we are working hard to enable a feature to let users transfer funds rapidly and at no cost between your spot FTX US account and your FTX US Derivatives account. 

Update on ETH Deci Swap Contracts

Starting on Thursday, June 23rd, 2022, only Eligible Contract Participants  (ECPs) will be able to buy and sell Ethereum Next-Day Deci Swaps on the FTX US Derivatives platform. FTX US Derivatives will be moving its Day-Ahead USD/ETH Deci Swaps from its Designated Contract Market (DCM), where it can be traded by anyone, to its Swap Execution Facility (SEF), where only ECPs can trade. 

Participants should take this change into account when getting funds onto the platform for exercising at options expiration; e.g., ETH to exercise long puts or selling ETH for USD. Users can still process ETH deposits and withdrawals and will be able to trade ETH Options at 1/10 the size of one ETH.

What is an Eligible Contract Participant (ECP) and where do I check my status? 
An Eligible Contract Participant (ECP) is a special category by the CFTC for entities (corporations, trusts, brokerage firms, etc.) or high net worth individuals that allows them to engage in certain financial transactions that are not open to all investors. 

Participants can qualify as an ECP in a number of ways, such as meeting a net asset requirement: net assets exceeding $1 million for entity accounts hedging risk or $5 million for individual investors if hedging risk. The definition of "Eligible Contract Participant" (ECP) is found in Section 1a(18) of the CEA (7 U.S.C. § 1a(18)). 

Users can view their ECP status under their profile section under settings. If you qualify to be an ECP and are interested in learning more, you can contact us at support@ledgerx.com. 

 

 

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