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.
Read again: Morgan Creek is trying to bail out BlockFi to counter FTX: Here’s how
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..
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