
Binance aims to acquire FTX entirely
Binance declared its intention to fully buy FTX in order to shield its consumers from a liquidity crisis. Binance declared its intention to fully buy FTX in order to shield its consumers from a liquidity crisis. Binance CEO Changpeng Zhao stated on Twitter that FTX sought the exchange’s assistance since it was experiencing liquidity issues on its platform. Binance has signed a non-binding letter of intent (LOI) to buy CZ in the next few days, according to CZ. A comprehensive due diligence procedure and more precise details on the acquisition are scheduled to be completed over the next several days.