FAQ: FTX US Account Integration

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

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

5. Receive confirmation once accounts have successfully been connected. Users can also view account linkage confirmation under the “my profile” section here.

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
   

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

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

9. No further action is required after accounts have been linked. You can continue to trade on https://app.ledgerx.com.

• 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. 

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.

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.

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. 

If you are the lead company account admin (Admin + Trader role), follow the steps below to link to an FTX.US Account

Note: Only one user with the permission set to Admin + Trader role will be able to link their Company account. If your Company has more than 1 Admin + Trader role, it is important to assign a lead account admin to link accounts. All other users will automatically transition over as permissioned logins on the FTX US platform. 

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 the platform, or within settings under the “my profile” section

3. If your company already has an FTX US account, then you will simply connect using those account credentials. If you do not have an existing FTX.US Company account, you will be able to create one on the next screen
4. Confirm email for the FTX US account linkage

5. Receive confirmation once accounts have successfully been connected and view linked account confirmation directly under the “my profile” section on FTX US Derivatives here. All other users will automatically transition over as permissioned logins on the FTX US platform and will receive an email confirmation accordingly

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
   

7. On FTX.US, view your Fully-Collateralized Derivatives DCM subaccount information by clicking on wallet under the navigation bar >click on profile > Subaccount: Fully-Colleralized Derivatives (DCM)

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

9. User management will occur from the FTX US interface and user management will be turned off from the FTX US Derivatives (formerly LedgerX) interface. If you want to create new users, lead account admins will be able to directly under company settings in FTX US. See steps to set up an organization permissioned login here

10. No further action is required once all users under your account have verified their information and accounts have been linked. You can continue to trade on https://app.ledgerx.com

Users already created in FTX US Derivatives will automatically transition over as "permissioned logins" on FTX US where their permissions and access levels will remain consistent with what their roles are on FTX US Derivatives. Each user will need to verify their details via email confirmation and set their own password and 2FA. To activate your permissioned login, please follow the steps below. 

1. Click on the email link to activate your permission login. The link expires after 48 hours. 

Note: Email confirmation links expire within 48 hours but lead account admins will be able to resend a new link directly under company settings in FTX US. (Company lead account admins have the permission role set as “Admin + Trader”)

2. Confirm your details are correct and indicate if you are affiliated with any other FTX US account

3. If you are affiliated with any additional FTX Accounts, add in other requested account information

4. Create a custom password for your FTX US account

5. Login using your email address, organization name and password

6. Secure your account with two-factor authentication (2FA). 2FA is required to use a permissioned login beyond read-only privileges

7. Once successfully linked, an email confirmation will be sent providing a bookmark-able link that you can use to log in

8. At the time of account merge, Permissioned logins will be able to view a read-only summary of open orders, positions, and funds history from your FTX US Derivatives account under the subaccount Fully-Collateralized Derivatives (DCM). You will continue to trade on https://app.ledgerx.com

• The legacy FTX US Derivatives (formerly LedgerX) interface won’t be going away… we have options listed until June 2023! 
• Linking accounts will not override existing FTX.US account admin's permissions. If your company already has an FTX US account then you will simply connect using that email affiliated with the account.
• 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. Trading and transferring funds is only available on https://app.ledgerx.com.
• Companies incorporated in New York: Due to the current restrictions that FTX.US has in New York State, New York companies will be able to create an FTX US account for read-only purposes.  New York companies cannot trade, deposit, or withdraw to/from the spot platform.

Account Sign-on

• 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. 

User and Account Management

• Users already created in FTX US Derivatives will automatically transition over as “permissioned logins” on FTX US where their permissions and access levels will remain the same. Each user will need to verify their details via email confirmation and set their own FTX US password and 2FA.
  • • LX Admin (only) -> read-only
    • LX Auditor -> read-only
    • LX Trader (only) -> not read-only; can trade, cannot withdraw
    • LX Admin + Trader -> not read-only; can trade, can withdraw
  • Email confirmation links expire within 48 hours but lead account admins will be able to resend directly under company settings in FTX US

• User management will occur from the FTX US interface and user management will be turned off from the FTX US Derivatives interface. To create new users going forward, account leads will need to create a new permissioned login on the FTX US side.