Cryptocurrency giant Binance is buying the cryptocurrency exchange FTX, which has started to have liquidity problems.
Sam Bankman-Fried, the founder of FTX, announced the agreement between Binance and FTX on his social media account:
“Things have turned around. FTX’s first investor and now its last investor: We have agreed with Binance to make a strategic transaction for FTX.com.”
Binance CEO Changpeng Zhao also shared on social media and confirmed that they had reached an agreement with FTX. Zhao, FTX that he is having a liquidity problem and “asked for help” from Binance told.
Last week, FTX’s sister company, Alameda Research. with the general condition of the balance sheet some information has emerged, this is also about the financial situation of FTX. had caused concern.
Binance Coin (BNB) after the announcement of the agreement between Binance and FTX, according to CoinGecko data more than 7% value won.