FTX is acquiring Japanese crypto exchange Liquid (via Yogita_Khatri5)
the news on Wednesday, saying that FTX is acquiring Quoine Corporation and Quoine Pte. in Singapore. Quoine was one of the first crypto exchanges registered by Japan's financial regulator in 2017 and operates under the Liquid brand.
The terms of the deal weren't disclosed, but Liquid was valued at more than $1 billion in its first investment round in 2019. The deal is expected to close next month, subject to customary closing conditions. Once the acquisition is completed, Quoine will start integrating FTX's products and services into its own platform, and FTX's existing Japanese customers will be migrated to Quoine's platform.
FTX and Liquid expect to work together to serve retail and institutional customers in Japan and globally.© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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