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How much did Binance pay to acquire FTX?

avatarDev 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?

How much did Binance pay to acquire FTX?

4 answers

  • avatarDec 16, 2021 · 3 years ago
    Binance 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.
  • avatarDec 16, 2021 · 3 years ago
    The 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.
  • avatarDec 16, 2021 · 3 years ago
    As 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.
  • avatarDec 16, 2021 · 3 years ago
    The 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.