news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Bitcoin About To Shock Everyone – Prediction Changed | Gareth Soloway

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Shiba inu Massive news | Emergency Meeting अमेरिका से बड़ी खबर | Cryptocurrency | USDC latest news

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Stellar Lumens Price Prediction – XLM Crypto Price News Now!!! Watch This Before Buying?

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    FETCH.AI FET Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Bitcoin BTC Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Crypto.com CRO Coin Price News Today – Cronos Technical Analysis Update Now and Price Prediction!

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

No Result
View All Result
news4global
No Result
View All Result
Home Regulation

FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition Deals – Bitcoin News

May 28, 2022
Reading Time: 5 mins read
0
FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition Deals – Bitcoin News
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

'Can't get their act together': Crypto firms slam SEC, Washington for lack of clarity on rules – CNBC

March 24, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Top Russian Lawmaker Says Bitcoin 'Has No Future' – Cryptonews

March 23, 2023

Billionaire and FTX co-founder Sam Bankman-Fried said the leading crypto asset exchange aims to make a number of acquisitions and could spend up to $2 billion on such efforts. The FTX chief executive officer highlighted in a recent interview that a fraction of the funds raised by the company were “explicitly viewed from a potential acquisition angle.”

FTX Executive Sam Bankman-Fried Says Funds Raised Could Be Leveraged for Acquisitions

Sam Bankman-Fried spoke in an interview with Bloomberg’s Allyson Versprille and Yueqi Yang on Friday and explained that FTX is thinking about expansion moves and acquisitions. The crypto exchange FTX and its parent company West Realm Shire Services Inc. have raised over $2 billion from investors.

FTX trade volume data shows it is the second-largest cryptocurrency trading platform below Binance in terms of global trade volume. During the past 24 hours, FTX has recorded $1.56 billion in crypto trades with its 338 coins and 524 trading pairs.

Report: FTX CEO Says Crypto Exchange Is Ready to Spend Billions on Acquisition Deals

Bankman-Fried explained during the interview with Bloomberg’s Versprille and Yang that the company’s war chest of funds could be leveraged for a number of acquisitions.

“FTX is a profitable company,” the FTX executive explained. “You can look at the amount that we’ve raised over the last year or two – it’s a few billion dollars. That gives maybe a sense of where we are in terms of cash that was explicitly viewed from a potential acquisition angle.”

The FTX co-founder further detailed that the company wants to be able to offer customers more products so they can stay on the platform for all their needs, Bankman-Fried remarked. As far as acquisitions are concerned, Bankman-Fried said the firm is keeping a focused lookout. The FTX executive added:

It’s always something that we’re going to be open to and keeping our ears to the ground on.

Bankman-Fried’s comments follow FTX US launching a zero commission equities trading platform. The discussion on Friday also follows Bankman-Fried’s statements concerning bitcoin (BTC) and the network’s ability to be a payment network.

Bankman-Fried was also named one of the “100 Most Influential People of 2022” by TIME and time.com author Andrew R. Chow featured the FTX CEO in a profile editorial.

Tags in this story
$2 Billion, 100 Most Influential People, Allyson Versprille, Andrew R. Chow, Bankman-Fried, Bitcoin, Bitcoin (BTC), crypto assets, Cryptocurrency, ftx, FTX Arena, FTX CEO, FTX co-founder, FTX Crypto, FTX Exchange, FTX.US, interview, Sam Bankman-Fried, sbf, stocks trading platform, time magazine, war chest of funds, Yueqi Yang

What do you think about the FTX CEO explaining its plans to use funds to acquire companies and expand? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

More Popular News

In Case You Missed It

Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

'Can't get their act together': Crypto firms slam SEC, Washington for lack of clarity on rules – CNBC

by admin
March 24, 2023
0

'Can't get their act together': Crypto firms slam SEC, Washington for lack of clarity on rules  CNBC

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Top Russian Lawmaker Says Bitcoin 'Has No Future' – Cryptonews

by admin
March 23, 2023
0

Top Russian Lawmaker Says Bitcoin 'Has No Future'  Cryptonews

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Texas Lawmaker Launches Resolution to Protect Bitcoin Investors … – Bitcoin News

by admin
March 23, 2023
0

Texas Lawmaker Launches Resolution to Protect Bitcoin Investors ...  Bitcoin News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

XRP cryptocurrency jumps as investors hope Ripple will win legal battle with the SEC – CNBC

by admin
March 22, 2023
0

XRP cryptocurrency jumps as investors hope Ripple will win legal battle with the SEC  CNBC

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Magic Eden launches marketplace for Bitcoin Ordinals – Cointelegraph

by admin
March 22, 2023
0

Magic Eden launches marketplace for Bitcoin Ordinals  Cointelegraph

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Hong Kong may face backlog in crypto license applications as demand grows, former SFC regulator says – Forkast News

March 24, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

'Can't get their act together': Crypto firms slam SEC, Washington for lack of clarity on rules – CNBC

March 24, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto founder Do Kwon indicted in US following Montenegro arrest – Reuters

March 24, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Terraform Labs co-founder Do Kwon arrested in Montenegro – The Washington Post

March 24, 2023

Latest News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Hong Kong may face backlog in crypto license applications as demand grows, former SFC regulator says – Forkast News

March 24, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

'Can't get their act together': Crypto firms slam SEC, Washington for lack of clarity on rules – CNBC

March 24, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global