Binance / FTX 2022
Binance acquired FTX on November 8, 2022.
- Target
- FTX
- Acquirer
- Binance
- Announced
- November 8, 2022
- Sub-sector
- Crypto / Digital Assets
Transaction overview
- Binance announced the acquisition of FTX on November 8, 2022.
- The deal is expected to close pending customary conditions.
Strategic rationale
Binance agreed to acquire FTX's non-US unit to address a liquidity crisis at the rival crypto exchange and stabilize sector confidence.
Deal terms & multiples
Frequently asked questions
When did Binance announce the acquisition of FTX?
Binance announced the acquisition of FTX on November 8, 2022.
What sub-sector is FTX in?
FTX is tracked in the Crypto / Digital Assets sub-sector.
Sources
- aljazeera.com /economy/2022/11/9/cryptocurrencies-see-sharp-decline-as-investors-fret-on-ftx-deal