Crypto Exchange Binance Acquires Rival FTX to Protect Users After FTX Crash
The world’s largest cryptocurrency exchange Binance announced a non-binding, letter of intent to acquire its rival exchange FTX on Tuesday. Binance founder and CEO Changpeng Zhao (CZ) said in a tweet, “This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully […]
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