Some FTX sub-companies are liquid and are now for sale.
(Photo: Reuters)
FTX’s European business is to be sold as quickly as possible. Interested parties should report in the coming weeks, then a bidding process could take place in March. This emerges from court documents that the new management of the insolvent exchange filed with the competent court in the USA on Thursday.
The business in Japan, the derivatives platform LedgerX and the Fintech Embed should also be sold as quickly as possible. The units in Europe and Japan are liquid and have the necessary regulatory approvals, said new FTX boss John Ray, who now runs the exchange as insolvency administrator. LedgerX and Embed were standalone companies acquired by FTX. Investment bank Perella Weinberg Partners is looking for a beetle for its European business.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue