Samuel Bankman-Fried Seeks To Acquire Bithumb, S.Korea’s Second Largest Crypto Exchange #togrp7
Samuel Bankman-Fried, the founder and CEO of FTX, is hunting for acquisition targets as the market crashes. SBF acquired various crypto firms last month, including Voyager Digital and BlockFi. Fast-growing FTX is preparing to spend billions for its expansion and growth, along with exploring Asia for potential acquisitions.
Recently, FTX has expressed interest in acquiring ‘Bithumb,’ a popular South Korean crypto exchange. The parties have been discussing the purchase for a while now but haven’t yet reached an agreement. However, if the deal gets finalized, SBF will be able to tap into a vital component of the crypto ecosystem: South Korea. SBF’s FTX has also indicated that they are looking to raise funds for further acquisitions, enabling them to grow further. FTX seeks to acquire those companies with a large customer base and expertise.