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.
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
Sources
- aljazeera.com /economy/2022/11/9/cryptocurrencies-see-sharp-decline-as-investors-fret-on-ftx-deal