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 …