Asked Tuesday about doing more acquisitions during The Wall Street Journal's Tech Live conference, Bankman-Fried confirmed previous reports of funding talks for FTX. He did not specify how much his company was looking to raise, despite reports of it, saying only"there have been some talks going on in tandem with some acquisition talks going on, looking at ways we can grow the company.
"In this market, there are a lot of opportunities we're seeing that we didn't see last year," he said, alluding to theBankman-Fried went on to bring up Coinbase when asked about future acquisitions, noting that trading platform has 20 times the number of users of FTX. He said while FTX has a higher number of hyper-involved crypto traders, Coinbase has some broader appeal that FTX could use.
Coinbase, he added,"gets at… our long term weakness" in appealing to more casual or"retail" traders."We don't see much point to get more highly engaged crypto traders," Bankman-Fried said."What we'd be looking at more is on the retail side." Coinbase shares jumped 13% on Tuesday.
People forget that both of Sam’s parents are compliance lawyers. He knows what he is doing
Monopoly is a game not a business plan 🤷🏻♂️
Holy ****... mf pockets Ocean deep!!
good. just one more reason not to trade at CON-Base, i mean coinbase.
I think brian_armstrong may have a different take on this 🤣😂
SBF is a POS.
Sam ManTits Fried
Adam tombul parmak.
Lmao. Coinbase would buy out FTX before the other way around.
bcat more than ready 🚀🚀🚀🚀BeerusCatDAO 0x3a310e6eaf960f9ea208764e9d299ea62a0ea53d
*BlackRock. SbF is a Blackrock hack, FTX is not his
It’s obvious that SBF_FTX is working with the government trying to own every exchange and every big player in crypto to control the space
that should not be legal, this guy wants to monopolize all the market to manipulate it for his own benefit
Sam the 🐍
Stay away from everything this man touch
Who is behind this guy🤨🤨,,
Buying all centralized exchanges, regulating P2P transactions... He wants control.
Stop it. This guy is a straight up up luppet for some big guys at the top.look at his interviews he reads from a teleprompter. Whoever pulling his strings wants total control of the crypto markets. Nah not happening. Guys a clown and his puppeteers
He couldn’t even buy celsius a company in bankruptcy.
Would never happen 😂
No one likes this idiot.
This guy wants to own everything
I’m starting to think Bitboy_Crypto was right
This kid is a fed operative.
I Ilph F.
I have been in this space since 2015. To see this company come out of nowhere and become such a dominant force in the crypto space is kinda scary. I wonder if Sullivan & Cromwell representing them has something to do with it.
Stop stop Stop stop Stop stop Stop stop Stop stop Stop stop Stop stop Stop stop Stop stop Stop stop Stop stop Stop stop Stop stop Stop stop Stop stop Stop stop
Time to move to BinanceUS
This guy is literally buying everything in the crypto space
SBF is part of the global plan to start the CBDC. I bet you he has ties to WEF.
What does this means?
The People are coming for you 1% Cucks! We will unite. And we will use the same tactics you have used to rise.
Lol , what a joke ...both shady platforms anyway.
I have not trusted his rise to crypto superstardom since the first PR story I heard about him. They ran these same types of stories about Bezos and Gates in the late 90's. Just look at his track record of philanthropy and you'll know he's in the Big Boy's Club.
Evil!!!
There goes the whole decentralized thing
Who places this content? Is all that bs bought? What an absurd take. Even if SBF had the money which he has not he cannot buy Coinbase due to the super voting shares.
Shit 😳
Retiredbytesla
This dude is dodgy, and probably a plain criminal. His company liquidated more then 80% of the shorts on this, in my opinion, fake Bitcoin pump. What a creep, and I think should be in jail.
j_can_oh TF… I get acquisitions and buying cheap, eyeballs… but it’s starting to feel leveraged at this point
The US wants cz_binance to Clean up CB!
LOL coinbase is larger than FTX, if anything coinbase acquires FTX.
So they are going to bail them out
This is the most bearish news in the entire bearmarket so far. And markets continue to go up. Bullish..
thebearablebull 👀
Fucking shit, are you serious?
thebearablebull SBF is a menace
Even if the clickbait headline is misrepresentation....I'm beginning to hate SBF with every fiber of my existence
thebearablebull Down with the suits!! FTX is ruining Crypto!
If anyone can do it SBF can and will. Buying the entire space is his goal. Don’t forget his massive contributions to elect Biden either. Not a fan
now we know who shorted $coin and got it near bankruptcy, to eventually buy it
This dudes a joke.
Nahh… smh
He's in Wall Street's pocket. He can afford anything because his mates are destroying value before the BIG CRYPTO BANG!
Be a good time to go ahead and shut my Coinbase account down💯😎
He can’t afford Coinbase 😅
Be wary of benevolent billionaires. They don't get rich being selfless.
Coinbase hemorrhaging $ as long as BTC is down... They bet the farm on BTC... Wonder how much longer they will be able to defend against hostile take overs?
I thought brian_armstrong was investing in life extension so he could run coinbase forever?
No
Isn’t there anti-competition laws against this?
But this isn’t what he said at all. SBF_FTX simply mentioned that CB has a whole bunch of retail users and that’s the segment that interests his company when it comes to M&A…. More Clickbait
YOU AEW THE MAN SBF_FTX!! WAHT DO YOU GOT SAY ABOUT IT Bitboy_Crypto?
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