2023-11-08 17:06:00

How major crypto tokens are reacting after reports of Binance's acquisition of FTX:

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MarketWatch
By Anushree Dave

Most crypto prices jumped Tuesday on news that Binance, the largest crypto exchange in the world, has signed a letter of intent to acquire rival FTX, but prices are still mostly lower than on Monday.

Sam Bankman-Fried, chief executive and founder of FTX Sam Bankman-Fried Binance-says-it-will-acquire-rival-ftx-2022-11-08?mod=frances-yue&mod=article_inline class=icon none rel=follow>tweeted on Tuesday that the exchange has entered into a strategic transaction with Binance, pending due diligence.

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