Cryptocurrency exchange company FTX has announced its move to buy Japanese cryptocurrency exchange platform Liquid Group to further expand its influence in Asia.
FTX CEO Sam Bank-Fried sees the competition of the crypto industry in Asia as very high and wants to take this opportunity to further expand its influence.
For now, FTX is working to obtain several licenses in several countries as a first step in advancing the use of its platform.
FTX also acknowledged that it had agreed to buy Liquid, along with its operating subsidiaries including Quoine Corporation and its Singapore-based subsidiaries.
For the record, Quoine is the first crypto exchange to be registered with the Financial Services Agency of Japan.
While Liquid has been on the market since 2014. CNBC once reported Liquid as one of the largest crypto exchanges in the world with a daily trading record of over $ 70 million!
The relationship between Liquid and FTX is also well known. When Liquid was hacked, involving the theft of $ 100 million in August 2021, FTX had contributed $ 120 million as a debt fund.
Interestingly, Fried hopes to own Goldman Sachs and CME Group if FTX manages to rival the popularity of Coinbase and Binance.
FTX native coin - FTT posted a trading value of $ 42.31, down over 5% in 24 hours at the time of writing this article.
