Talks of another acquisition are part of FTX and its founder Sam Bankman-Fried’s aggressive acquisition approach amid a major downturn in the crypto market.
Vidente, the owner of South Korean cryptocurrency exchange Bithumb, said on Tuesday it has held discussions about a possible sale of its stake to FTX.
Talks of another acquisition are part of FTX and its founder Sam Bankman-Fried's aggressive acquisition approach amid a major downturn in the cryptocurrency market. If the deal with Bithumb goes through, FTX will gain further foothold in Asia and in particular South Korea, where crypto trading is very popular.
Vidente, the owner of South Korean cryptocurrency exchange Bithumb, said on Tuesday it has held discussions about a possible sale of its stake to FTX. The company said it is reviewing all possible options, including a full acquisition of Bithumb or joint management of the exchange.Stay informed during the severe weather season with our local news and weather
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