How much did Binance pay to acquire FTX?
Dev Vilas WaghDec 16, 2021 · 3 years ago4 answers
Can you provide details on the acquisition deal between Binance and FTX? How much did Binance pay to acquire FTX?
4 answers
- Dec 16, 2021 · 3 years agoBinance acquired FTX in a deal worth approximately $400 million. The acquisition was announced in May 2021 and marked a significant move for Binance to expand its presence in the cryptocurrency derivatives market.
- Dec 16, 2021 · 3 years agoThe exact amount that Binance paid to acquire FTX has not been disclosed publicly. However, industry insiders estimate the deal to be valued at around $400 million. This acquisition demonstrates Binance's commitment to strategic growth and diversification in the cryptocurrency industry.
- Dec 16, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I can confirm that Binance paid around $400 million to acquire FTX. This acquisition is part of Binance's strategy to strengthen its position in the market and offer a wider range of services to its users. With this deal, Binance aims to tap into FTX's expertise in cryptocurrency derivatives trading.
- Dec 16, 2021 · 3 years agoThe acquisition of FTX by Binance was a significant move in the cryptocurrency industry. While the exact amount paid by Binance has not been publicly disclosed, it is estimated to be in the range of $400 million. This deal showcases Binance's commitment to expanding its product offerings and staying competitive in the market.
Related Tags
Hot Questions
- 95
How does cryptocurrency affect my tax return?
- 85
How can I buy Bitcoin with a credit card?
- 82
What is the future of blockchain technology?
- 67
How can I protect my digital assets from hackers?
- 33
What are the tax implications of using cryptocurrency?
- 32
What are the best digital currencies to invest in right now?
- 25
What are the advantages of using cryptocurrency for online transactions?
- 18
How can I minimize my tax liability when dealing with cryptocurrencies?