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LedgerPrime Review
LedgerPrime was a crypto trading firm bought by FTX in 2021. It shut down after the FTX bankruptcy, and its team restarted in 2024 as MNNC Group.
Min Deposit
N/A
Spreads From
Not applicable, LedgerPrime no longer operates under this name
Max Leverage
Not applicable, LedgerPrime no longer operates under this name
Platforms
Not applicable, LedgerPrime was an investment firm, not a retail trading platform
Pros
- Once managed up to 400 million dollars with a reported 40 percent annual return
- Core investment team, including its former CIO, continued into the successor fund
- Clear public reporting from Bloomberg and other outlets on its history and restart
- Returned outside investor capital shortly before the FTX collapse hit
Cons
- LedgerPrime itself no longer operates, and its website shows a page not found error
- It was owned through FTX and Alameda Research, both central to a major fraud case
- Forced to stop operating under its own name after the FTX bankruptcy in late 2022
- Readers must now look for MNNC Group, a different legal entity, to find the team
LedgerPrime was a quantitative crypto trading firm that once managed up to 400 million dollars. FTX US bought its parent company, Ledger Holdings, in 2021, and LedgerPrime began operating inside the FTX and Alameda Research group.
In September 2022, LedgerPrime moved to a family office model tied to Alameda Research and said it would return outside investor money. Weeks later FTX and Alameda collapsed into bankruptcy, and LedgerPrime was forced to stop operating under that name. The old ledgerprime.com website now shows a page not found error.
In early 2024, Bloomberg and other outlets reported that former LedgerPrime staff, including past chief investment officer Shiliang Tang, restarted the strategy as MNNC Group, a Cayman Islands registered fund. Readers looking for LedgerPrime today should treat MNNC Group as its real successor.
Max Leverage
Not applicable, LedgerPrime no longer operates under this name
Spreads From
Not applicable, LedgerPrime no longer operates under this name
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
