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

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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

 

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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

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Soros and Gates bucks.

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