KCN: BINANCE INVESTS IN FTX DERIVATIVES EXCHANGE

BINANCE INVESTS IN FTX DERIVATIVES EXCHANGE

One of the largest cryptocurrency exchanges, Binance invests in FTX Derivatives Exchange. According to Bloomberg: “Binance Holdings Ltd., one of the world’s largest cryptocurrency-trading platforms, made a minority investment in the derivatives exchange FTX… FTX does about $500 million in daily volume, making it the world’s seventh-largest Bitcoin futures exchange, according to analytics provider Skew. Malta-based Binance is the first outside investor in FTX, Bankman-Fried said in a phone interview…” Follow the world of blockchain with us. The news release partner STEX.com.

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