What are the recent FTX acquisitions in the cryptocurrency industry?

3 answers

• Dec 28, 2021 · 3 years ago
  FTX has been actively expanding its presence in the cryptocurrency industry through various acquisitions. One notable recent acquisition by FTX is Blockfolio, a popular cryptocurrency portfolio tracking app. This acquisition allows FTX to integrate Blockfolio's features and user base into its platform, providing a more comprehensive trading experience for its users. Additionally, FTX has also acquired LedgerX, a regulated cryptocurrency derivatives exchange. This acquisition enables FTX to offer a wider range of trading options and attract more institutional investors to its platform. Overall, these acquisitions demonstrate FTX's commitment to growth and innovation in the cryptocurrency market.
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• Dec 28, 2021 · 3 years ago
  FTX has been on an acquisition spree in the cryptocurrency industry. One of their recent acquisitions is the decentralized exchange Serum. This acquisition allows FTX to tap into the growing decentralized finance (DeFi) market and offer users more options for trading digital assets. FTX has also acquired the naming rights to the Miami Heat's home stadium, now known as the FTX Arena. This move not only increases FTX's brand visibility but also highlights the increasing mainstream acceptance of cryptocurrencies. These acquisitions position FTX as a key player in the cryptocurrency industry and indicate their ambition to expand beyond traditional trading services.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has recently made several strategic acquisitions in the cryptocurrency industry. One of their notable acquisitions is the decentralized exchange DEX.AG. This acquisition allows BYDFi to enhance its decentralized trading capabilities and provide users with access to a wider range of liquidity sources. BYDFi has also acquired a cryptocurrency wallet provider, enabling users to securely store their digital assets within the BYDFi ecosystem. These acquisitions demonstrate BYDFi's commitment to offering a comprehensive suite of services to its users and strengthening its position in the competitive cryptocurrency market.
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