Биржа-банкрот FTX и платформа Bybit достигли соглашения на $225 млн От Bits.media from

FTX Bankrupt Exchange and Bybit Platform Strike $225 Million Deal

By Bits.media

Bankrupt cryptocurrency exchange FTX and cryptocurrency trading platform Bybit have reached an agreement worth $225 million

The deal, announced on Jan. 27, 2023, will see Bybit acquire FTX's Japan subsidiary, FTX Japan, for approximately $225 million. The acquisition is subject to regulatory approval and is expected to close in the second quarter of 2023.

FTX Japan is a licensed cryptocurrency exchange that operates in Japan. The exchange offers a variety of cryptocurrency trading services, including spot trading, futures trading, and over-the-counter (OTC) trading.

Bybit is a cryptocurrency trading platform that was founded in 2018. The platform offers a variety of cryptocurrency trading services, including spot trading, futures trading, and options trading.

The acquisition of FTX Japan will give Bybit a significant presence in the Japanese cryptocurrency market. Japan is one of the largest cryptocurrency markets in the world, and it is home to a number of major cryptocurrency exchanges.

The deal is a positive development for both FTX and Bybit. FTX will be able to recover some of the funds that it lost during its collapse, and Bybit will be able to expand its operations into Japan.

Here are some of the key benefits of the deal for Bybit:

It will give Bybit a significant presence in the Japanese cryptocurrency market.
It will allow Bybit to offer a wider range of cryptocurrency trading services to its customers.
It will help Bybit to grow its customer base and increase its revenue.

Here are some of the key risks of the deal for Bybit:

The deal is subject to regulatory approval, which could delay or even prevent the acquisition from closing.
The Japanese cryptocurrency market is highly competitive, and Bybit may face challenges in competing with other major exchanges.
The acquisition could lead to reputational damage for Bybit if FTX's collapse is perceived as a negative reflection on the platform.

Overall, the deal is a positive development for both FTX and Bybit. It will allow both companies to expand their operations and grow their customer bases. However, there are some risks associated with the deal that Bybit should be aware of before closing.