FTX acquires licensed Japanese crypto-asset trading platform Luquid.
One of the leading US crypto asset trading platforms, FTX is set to acquire Japanese company Liquid Group and its subsidiaries that operate a licensed crypto asset trading platform in the country. Announced by Liquid Group on Wednesday, the deal is expected to be completed next month. The terms of the deal were not disclosed.
The announcement states that FTX has acquired Quoine Corporation and Quoine Pte. Quoine was one of the first crypto-asset trading platforms to operate under the Liquid brand, approved by Japan’s financial regulator in 2017. FTX and Liquid will work together to serve individual and corporate customers in Japan and around the world.
Helped in Hacking
FTX and Liquid’s relationship dates back to the past. FTX had secured $120 million in debt financing for Liquid, which suffered a $100 million hack in August.
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