SBF: FTX Prepares For Global Expansion Through Acquisition Of Cryptocurrency Company

According to Golden Financial, FTX CEO Sam Bankman-Fried (SBF) said FTX plans to continue the new policy by buying local cryptocurrency companies or exchanges. Asked about future acquisitions, SBF said it was considering another LedgerX. It was reported that the regulated U.S. cryptocurrency derivatives firm LedgerX was acquired by FTX in August, which allowed FTX to bypass the cumbersome listing process in the United States. “I wouldn't be surprised if he spent over $ 1 billion on purchases next year or so,” SBF said. He added that the target purchase can build a relationship with the regulator, the licensee or the “consumer” fiat money entrant.