How did Binance acquire FTX and at what cost?

3 answers

• May 11, 2022 · 3 years ago
  Binance acquired FTX through a strategic partnership and financial investment. The exact details of the acquisition have not been publicly disclosed, but it is believed that Binance purchased a significant stake in FTX. The cost of the acquisition is estimated to be in the millions of dollars. This acquisition allowed Binance to expand its presence in the cryptocurrency market and gain access to FTX's innovative trading platform.
  433

  217
• May 11, 2022 · 3 years ago
  Binance and FTX joined forces in a mutually beneficial deal. Binance recognized the potential of FTX's platform and decided to invest in the company. The acquisition was a strategic move for Binance to strengthen its position in the cryptocurrency industry. While the exact cost of the acquisition is unknown, it is clear that Binance saw great value in partnering with FTX.
  374

  125
• May 11, 2022 · 3 years ago
  Binance, a leading cryptocurrency exchange, acquired FTX to further enhance its offerings to users. The acquisition allowed Binance to tap into FTX's advanced trading features and expand its product portfolio. While the financial details of the acquisition remain undisclosed, it is evident that Binance made a significant investment to secure its partnership with FTX. This strategic move demonstrates Binance's commitment to providing top-notch services to its users.
  469

  118