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Binance to Acquire FTX’s Non-US Assets to Clear Out ‘Liquidity Crunches’

Binance to Acquire FTX’s Non-US Assets to Clear Out ‘Liquidity Crunches’

Cryptocurrency exchange, Binance has agreed to fully acquire Sam Bankman-Fried-owned cryptocurrency exchange, FTX, following the latter’s liquidity issues.

Binance’s CEO Changpeng Zhao announced on Tuesday that the top cryptocurrency exchange has signed a non-binding letter of intent with the Bahamian cryptocurrency exchange. Zhao said the goal is to “help cover the liquidity crunch”. He added that the exchange wi... Read More

Posted: Nov 8 2022, 18:02
Author Name: financemagnates
Views: 111591

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