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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