FTX Trading LimitedOwner of crypto exchange FTX.Is reportedly trying to buy a Korean crypto exchange Bithumb, Bloomberg Report.
Bloomberg quoted someone familiar with the matter, saying the deal had been going on for months.
Bithumb has more than 8 million registered users. With total exchange volume of over $ 1 trillion, Bithumb has faced challenges in its long-standing business.
According to CoinGecko data, Bithumb currently processes approximately $ 569 million worth of transactions daily on the platform.
In 2020 Huobi He was reportedly considering a Bithumb acquisition, but the deal wasn’t closed.
Sam Bankman Flyes FTX and its American entity, FTXUS, are in talks to raise new capital.
Last month, FTX Get BlockFi shares after extending the $ 250 million credit line.
In the same month, FTX Won Canadian crypto exchange Bitvo to expand FTX’s global reach.
FTX recently publication Through a joint offer with FTXUS owners and operators WestRealm Shires Inc. and Alameda Ventures Ltd Voyager Digital Co., Ltd. VYGVQ..