Crypto Market, FTX Token (FTT) Bullish On News Of Binance Acquiring FTX

Binance Acquiring FTX: Binance CEO and FTX chief Sam Bankman-Fried appear to have found common ground with news of acquisition. CZ and SBF made the announcement almost at the same time, with the Binance CEO stating that there is a significant liquidity crunch associated with FTX. To help FTX cover the liquidity crunch, Binance is fully acquiring FTX, CZ said.

“There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX and help cover the liquidity crunch.”

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

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