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Crypto exchange Binance to buy major rival FTX

By Hannah Lang and Tom Wilson

Nov 9 2022 7:01AM

Deal helps cover a "liquidity crunch".

Crypto exchange Binance to buy major rival FTX

Binance, the world's largest cryptocurrency exchange, has signed a nonbinding agreement to buy FTX.com, a unit of major rival FTX, to help cover a "liquidity crunch" at the cryptocurrency exchange, Binance CEO Changpeng Zhao said. FTX has come under pressure after Zhao said on Sunday his ...

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