November 8, 2022

Official Takeover: Binance Now Buying FTX

Binance, the world’s largest cryptocurrency exchange, reached an agreement to acquire its competitor FTX. This week, Bankman-Fried’s exchange experienced a major liquidity crisis after Binance decided to liquidate the exchange’s token, FTT. For this reason, Binance may be forced its hand on devaluing FTX’s price, ahead of the acquisition. The transaction is the largest consolidation […]