HomeBusinessBinance buys rival FTX

Binance buys rival FTX

Business

Published on

By lapaasindia
spot_img
  • The biggest cryptocurrency exchange in the world, Binance, has agreed to acquire FTX in a non-binding letter of intent. “
  • This afternoon, FTX requested us assistance.
  • There is a huge liquidity shortage, according to Changpeng Zhao, the CEO of Binance, while Sam Bankman-Fried, the CEO of FTX, stated that things have “completed the circle.”
  • After the two CEOs engaged in a public spat, the arrangement was revealed.

Latest articles

Business

Indian banks set 10-year record with 123,000 hirings in FY23

Indian banks experienced a notable surge in hiring during FY23, reaching a decade-high in...
Stock Market

Ahead of IPO, Mamaearth sold excess stock of its products to distributors

Honasa Consumer, the parent company of Mamaearth, distributed excess stock through its offline supply...
Others

CarDekho acquires Revv to enter car rental space

CarDekho, an autotech unicorn, acquired Revv, a self-drive car rental service. Revv's services will be...
Startup

Lenskart To Open Up To 400 Stores abroad

Lenskart, a Delhi NCR-based unicorn, presently operates approximately 70 stores in Singapore. The company aims...

More like this

Business

Indian banks set 10-year record with 123,000 hirings in FY23

Indian banks experienced a notable surge in hiring during FY23, reaching a decade-high in...
Stock Market

Ahead of IPO, Mamaearth sold excess stock of its products to distributors

Honasa Consumer, the parent company of Mamaearth, distributed excess stock through its offline supply...
Others

CarDekho acquires Revv to enter car rental space

CarDekho, an autotech unicorn, acquired Revv, a self-drive car rental service. Revv's services will be...

We help you to learn,understand and update all the current affairs related to the business and startup world.

© Lapaas Voice