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Crypto Exchange Binance to Acquire Rival FTX, Drawing Antitrust Concerns
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Crypto Exchange Binance to Acquire Rival FTX, Drawing Antitrust Concerns

Nov 09, 2022
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Crypto Exchange Binance to Acquire Rival FTX, Drawing Antitrust Concerns
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Crypto Exchange Binance to Acquire Rival FTX, Drawing Antitrust Concerns
(Source: Binance and FTX)

Crypto giant Binance said on November 8 that it has signed a non-binding letter of intent to fully acquire its rival FTX, helping to cover a liquidity crunch. Binance was the first investor to back FTX.

However, the deal between these two leading crypto exchanges has drawn concerns of antitrust retaliation such as by the Sherman …

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