Among the many recent deals It is reported that FTX is currently in talks with crypto exchange Bithumb about a potential acquisition, according to crypto exchange Bithumb. Bloomberg say
The report said talks had been going on for several months. citing anonymous sources close to the deal.
Bithumb is a South Korean crypto exchange founded in 2014 that currently has a daily trading volume of over $569 million, according to CoinGecko.
This week, Bithumb is one of the South Korean companies. that were raided by the authorities This is part of the investigation into the Terraforms Labs case following the collapse of stablecoin TerraUSD in May.
News of the talks between Bithumb and FTX comes amid FTX’s latest acquisitions and other deals.will buy Canadian crypto trading platform Bitvo and Embed also entered into agreements to provide revolving credit facilities to BlockFi and Voyager.
Sam Bankman-Fried, CEO of FTX, said he was ready to invest $1 billion to buy or support companies hit by the recent crypto market collapse.
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