FTX US Agrees to Acquire BlockFi

Cryptocurrency exchange FTX US has agreed to buy BlockFi.
 FTX US Agrees to Acquire BlockFi
READING NOW FTX US Agrees to Acquire BlockFi

Cryptocurrency exchange FTX US has agreed to buy BlockFi.

According to Axios, BlockFi’s sale could be as high as $240 million. That’s a much higher bid than the $25 million claimed by CNBC.

Still, it’s worth remembering that the $240 million deal is the high end of the price range. This means that the final price could be much lower.

The deal also includes a $400 million loan.

BlockFi CEO Zac Prince said that the volatility in the crypto market has caused their deal with FTX US.

https://twitter.com/BlockFiZac/status/1542934038469640192

Prince also stressed that all of the company’s products will continue to operate normally.

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