According to media reports, cryptocurrency exchange FTX has taken action to purchase Bithumb, one of South Korea’s giant stock exchanges.
According to information reported by CNBC, Vidente, the owner of Bithumb, one of the most popular cryptocurrency exchanges in South Korea, has started negotiations with FTX for a potential acquisition agreement.
According to CoinGecko data in the last 24 hours $473 million Bithumb, where the transaction volume is recorded, is also among the largest exchanges in the country in terms of volume.
One of Vidente’s Bithumb sell entirely to FTX, the other is managed by Bithumb Partnering with FTX It is reported that he is considering two different options.
However, a consensus has not been reached between the parties yet, and the FTX management has not yet made a public statement on the subject.
FTX has partnered with several different crypto companies over the past months. purchase negotiation made. FTX management to BlockFi, one of their lending platforms, in June 400 million dollars decided to provide a loan and in the long run BlockFi what they can buy pointed.
Also in February of this year, FTX bought the cryptocurrency exchange Liquid Group in Japan.