2 years ago
FTX acquired Japanese crypto speech Liquid Group to service Japanese customers done its caller subsidiary.
The woody is expected to adjacent successful March 2022, according to a press release connected Wednesday.
The companies did not disclose the acquisition value. In April 2019, Liquid's valuation was implicit $1 billion.
FTX besides acquired Quoine, 1 of 30 exchanges registered with Japan's Financial Service Agency (FSA), which holds a Type I Financial Instruments Business licence for trading securities and derivatives.
FTX and Liquid Group did not respond to petition for comment.
The Japanese speech mislaid implicit $90 cardinal successful a hack successful August 2021, aft which FTX gave it a $120 cardinal loan.
FTX volition integrate its products and transportation each existing Japanese users to Liquid. The idiosyncratic transportation volition instrumentality effect connected March 30 2022.
On Monday, FTX announced it closed a $400 cardinal Series C circular astatine a $32 cardinal valuation.
On Tuesday, crypto concern unicorn Amber Group announced the acquisition of DeCurret, different speech registered with the FSA, to pat into the Japanese market.
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Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
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