Earlier this year, FTX was valued by private investors at $32 billion. The proposed acquisition came after a massive liquidity crisis hit FTX which was a result of concerns with withdrawal issues and Binance’s decision to liquidate its entire holdings of FTX's exchange token FTT. Binance CEO Changpeng Zhao told his employees in as memo…
Read more
FTX CEO Sam Bankman-Fried had this to say on twitter: Things have come full circle, and http://FTX.com’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for http://FTX.com (pending DD etc.). Bankman-Fried highlighted that the important thing in the situation is that “customers are protected.”…
Read more
Marc Bürki, CEO of Swissquote, commented: Swissquote is at the forefront of innovation and was one of the first institutions in Europe with a banking license to offer cryptocurrency trading. The launch of our own crypto exchange is an important step forward in offering our customers deeper liquidity and faster execution. In terms of services…
Read more
The official announcement stated: FTX US's bid maximizes value and minimizes the remaining duration of the Company's restructuring by providing a clear path forward for the Debtors to consummate a chapter 11 plan and return value to their customers and other creditors. At the end of last March, Voyager has 3.5 million users and 1.19…
Read more
In a statement, Zipmex said: "We have requested meetings with Thailand's Securities Exchange Commission and regulators in the country where we operate to introduce our investors to regulators and present our recovery plan to government agencies." While Zipmex, who operates across various countries in the Asia Pacific region, did not mention who the investors may…
Read more
Jason Lau, Chief Information Security Officer of Crypto.com, said: Achieving SOC 2 Type II certification is yet another step in reinforcing Crypto.com’s continuous commitment to security and data privacy by design. With the ever-evolving threat landscape, we will continue to ensure we maintain the highest level of security and data privacy so our customers can…
Read more
To begin with, only trading access to bitcoin will be provided, although Coinbase said they will continue to progress the platform integration and roll out functionality in phases to interested clients. Joseph Chalom, Global Head of Strategic Ecosystem Partnerships at BlackRock, said: "Our institutional clients are increasingly interested in gaining exposure to digital asset markets…
Read more
Murugesan said: In all these markets our intention is to have retail and institutional products. It’s almost like an existential priority for us to make sure that we are able to realize our mission by accelerating our expansion efforts. Coinbase ‘s expansion plans come as response to the looming “crypto winter.” Murugesan stated that the…
Read more
As a result, there has been overlap in features and customers “often experience friction when transferring balances back-and-forth between the two products.” The exchange stated: To resolve this friction and offer customers the best of both worlds, we have rebuilt the full Coinbase Pro advanced trading experience within the Coinbase mobile app and Coinbase.com. As…
Read more
Brian Armstrong stated: We appear to be entering a recession after a 10+ year economic boom. A recession could lead to another crypto winter, and could last for an extended period. While it’s hard to predict the economy or the markets, we always plan for the worst so we can operate the business through any…
Read more