Binance To Acquire FTX Exchange!

A lengthy public war of words between two cryptocurrency exchange giants may come to an end as Binance is now all set to acquire its rival FTX.

Binance CEO Changpeng Zhao said the exchanged has signed a non-binding letter of intent, planning to fully acquire FTX.   CZ stated that Binance will help FTX navigate its current “liquidity crunch.”

However, the firms didn’t disclose the value of the deal, pending the due diligence process.

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Overall, SBF thanked CZ and Binance for their aid while dismissing “rumors” about media conflict between the two exchanges.