FTX Expands to Japanese Market by Acquiring Japanese Liquid Group

FTX, one of the world’s largest cryptocurrency exchanges, has acquired Japanese Liquid Group, including its subsidiaries, which include a licensed cryptocurrency exchange.

liquid by February 2 According to the statement made on Liquid Group and the company’s Quoine Corporation of Singapore, Quoine Pte. All operating subsidiaries, including FTX Bought by. According to the description of the purchasesubject to fulfillment of traditional closing conditions Completion in March 2022 Waiting.

After the purchase is made 2014 established in and 2017 in the year One of the first cryptocurrency exchanges registered by the FSA in Japan subsidiary of Liquid Group quinineFTX product and their services will gradually integrate it into its own offerings.

In connection with the purchase liquid with to provide existing Japanese users with services in accordance with Japanese law signing an agreement FTX also to Quoine’s platform from March 30, 2022 to existing Japanese customers. will be moved.

According to the description FTX with liquid, Japanese and spherical in the markets individual and institutional to investors product and liquidity to ensure to work together aims.

While the economic terms of the agreement were not disclosed No statement has been made by FTX yet on the subject.

FTXlast year 80 million dollars hacked liquid‘to 120 million dollars provided debt financing.

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