Tag: FTX

FTX does not have active M&A conversations with Robinhood, FTX CEO Sam Bankman-Fried told CNBC in an emailed statement. Bankman-Fried’s disclosure came after Bloomberg reported that FTX is exploring opportunities to acquire the American crypto and stock trading platform. Bloomberg’s report cited people familiar with the matter. While Bankman-Fried claims FTX is not holding any M&A talks with Robinhood at the moment, he said: We are excited about Robinhood’s business prospects and potential ways we could partner with them, and…

New Jersey-based crypto lending platform BlockFi has signed a term sheet with FTX to secure a $250 million revolving credit facility. Zac Prince, BlockFi’s CEO, tweeted this news earlier today, saying the non-binding agreement will offer BlockFi access to additional capital. BlockFi also announced in a subsequent press release. [embed]https://twitter.com/BlockFiZac/status/1539216594383028224[/embed] According to Prince, the $250 million would go toward strengthening BlockFi’s balance sheet and platform. He added that BlockFi intends for the proceeds of the credit facility to be subordinate…

It’s one thing to hear ignorant criticisms of Bitcoin from people that don’t own any or aren’t deeply involved with crypto. It’s another, however, for billionaire crypto bros to carelessly spread the same false and outdated criticisms across the media like it's nobody’s business. Sam Bankman-Fried (SBF) – the CEO of cryptocurrency exchange FTX – is the latest of such figures. In an interview with the Financial Times last month, he suggested that Bitcoin has “no future as a payments…

Several of the world’s major exchanges have declared their support for Terraform’s reintroduction of the Terra chain as Terra 2.0. Likewise, participants in the network responded positively to the latest in a string of revival strategies from CEO Kwon Do-Hyeong. Terra Revival Plan Receives the Green Light Algorithmic stablecoin UST’s depegging kicked off a series of events that led to the Terra ecosystem’s record collapse. Although most of the crypto-industry had written off the project, Do-Kwon relentlessly pursued its salvation.…

Major cryptocurrency exchange, FTX Exchange, has kick-started an initiative to provide support to financially disadvantaged individuals and households in Chicago.  The exchange revealed its supportive plans during its grand opening of a new headquarters in the populous city of Chicago. FTX Expansion to the US The Bahamas-based FTX Exchange recently founded a subsidiary in the United States, dubbed FTX.US. The initiative was officially announced at the inauguration of the exchange's headquarters in Fulton, Chicago. While it is commendable enough FTX…

Crypto exchange FTX has added tennis champion Naomi Osaka to its growing list of ambassadors from the sports and entertainment sector. Welcoming Women into the Crypto Space The exchange shared news of this in a release on Monday, March 21st. According to the statement, the deal represents the start of an extended collaboration between the platform and the athlete. Naomi Osaka, also known for her activism off the court, will help bring women aboard the digital sphere. Of late, the…

Though the crypto industry has made unprecedented strides in 2021, various hurdles limit its development. Sam Bankman Fried – CEO of crypto exchange FTX – recently outlined some key issues he thinks the community should address heading into the new year. Ranging from regulation to transaction throughput, he is ready for “slow, hard work” in fleshing out a truly decentralized internet. Where We Are The young billionaire detailed his thoughts in a lengthy Twitter thread on Monday. He said it…

FTX is a robust cryptocurrency derivatives exchange that leverages a low fee structure and new technologies to provide experienced investors with a robust trading experience. The platform is known for its enterprise-level trading functions and its commitment to security. As such, FTX is part of the growing trend of institutional investor-focused platforms. Cryptocurrency Derivatives Exchange The main difference between a derivatives exchange and a regular crypto exchange is that derivatives exchange users don't directly trade cryptocurrencies. Derivatives are financial tools…

Cryptocurrency exchange FTX is set to offer traders tokenized shares of some fortune 500 companies, including Apple and Amazon. This was revealed in a press release with key details about the listing of the new digital assets. FTX will be partnering with European financial firms CM Equity and Digital Assets to offer fractional stocks on its platform. About a dozen stock and crypto pairs will be traded on the FTX trading platform. Some of the major names include Netflix Inc,…