Nevertheless, in spite of the fact that it is one of the 134 companies that are now participating in the bankruptcy proceedings of FTX,...

The biggest news in the cryptoverse for Nov. 22 includes the increasing rate of miner sellouts, realized Bitcoin loss from FTX...

Bankrupt crypto exchange FTX and its affiliates had a total cash balance of $1.24 billion as of November 20, as per its bankruptcy...

The Japanese subsidiary of bankrupt crypto exchange FTX plans to resume withdrawals before the end of the year.According to a Nov. 21 report from...

Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has...

FTX Japan, a subsidiary of the now-bankrupt FTX.com, is preparing to resume withdrawals by the end of 2022 to Japanese customers, said an unnamed...

FTX CEO Mr. John J. Ray, III releases a strategic review report on their global assets. After filing for Chapter 11 bankruptcy, FTX attempts...

Crypto exchange FTX is acquiring Japan’s Liquid Group and its operating subsidiaries to bolster up its Asia expansion. The acquisition comes less than 48 hours after FTX raised $400 million at a $32 billion valuation in the latest Series C funding round. According to an official press release, the acquisition deal includes Quoine Corporation and its Singapore subsidiary. In 2017, Quoine was one of the first cryptocurrency exchanges to register with Japan’s Financial Services Agency, the country’s top financial regulator. Liquid said the deal with FTX is set to conclude by the end of March 2022 subject to regulatory and shareholder approval. Once the acquisition is completed, Quoine will gradually start integrating FTX’s products and services into its own platform and thereafter serve all of FTX’s Japanese clients. “Following FTX’s acquisition of Liquid, Quoine will gradually integrate FTX’s products and services into its own offering, and FTX’s existing Japanese customers will be migrated to Quoine’s platform,” the announcement release reads. “In connection with this acquisition, FTX has also entered into an agreement with Liquid to provide its existing Japanese users with services in compliance with Japanese laws, and will transfer its existing Japanese users to Quoine.” Liquid-FTX Connections Founded in 2014, Liquid is one of the world’s largest crypto exchanges in daily trading volume, with nearly $72 million, according to CoinMarketCap. The platform offers both spot trading and financial derivatives. FTX is one of the leading centralized crypto exchanges with a daily trading volume above $10 billion across spot and derivatives markets, per CoinGecko. FTX is already familiar with Liquid. In August 2021, when Liquid was hacked for more than $90 million, FTX came to its rescue and provided $120 million in debt financing to help cover its losses.

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Cryptocurrency exchange FTX has announced the acquisition of Liquid, which operates a regulated Japanese exchange, Quoine. The two companies “expect to work together to provide products and liquidity to clients in the Japanese and global markets.” FTX Acquiring Liquid to Provide Services to Japanese Customers Crypto exchange FTX is entering the Japanese crypto market. FTX […]