Report: FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition Deals – Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

FTX co-founder Sam Bankman-Fried said the exchange aims to make a number of acquisitions and could spend up to $2 billion on such efforts. Crypto Acquisitions

is thinking about expansion moves and acquisitions. The crypto exchange FTX and its parent company West Realm Shire Services Inc. have raised over $2 billion from investors.shows it is the second-largest cryptocurrency trading platform below Binance in terms of global trade volume. During the past 24 hours, FTX has recorded $1.56 billion in crypto trades with its 338 coins and 524 trading pairs.

Bankman-Fried explained during the interview with Bloomberg’s Versprille and Yang that the company’s war chest of funds could be leveraged for a number of acquisitions. “FTX is a profitable company,” the FTX executive explained. “You can look at the amount that we’ve raised over the last year or two – it’s a few billion dollars. That gives maybe a sense of where we are in terms of cash that was explicitly viewed from a potential acquisition angle.”

The FTX co-founder further detailed that the company wants to be able to offer customers more products so they can stay on the platform for all their needs, Bankman-Fried remarked. As far as acquisitions are concerned, Bankman-Fried said the firm is keeping a focused lookout. The FTX executive added:Bankman-Fried’s comments follow FTX US

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

💟GOOGE - Stealth Launch💟 Pride Month is here! We’ve created $Googe FOR YOU OUR DEAR LGBTQ COMMUNITY! Build $GOOGE community & moonshot we are a Safu team, LP will be Locked and Contract will be Renounced. Dev, has worked with “Pitbull & AquaGoat” 💟💟LAUNCHING TODAY💟💟

Please aquire $ddx and $ustc 💪💪💯

He appears to be doing great work on his exchange. The cost of purchasing bitcoin there seems quite reasonable when compared to the other exchanges.

Welcome.

Dude needs to buyout $quick QuickswapDEX

Will Luna reach 500$؟

FTX is a total house of cards. It will come crashing down soon....

FTX ist ein Exchange für Loser und MF

💪

Soros and Gates bucks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in BUSİNESS

Business Business Latest News, Business Business Headlines