#KCN: #Binance Invests in #FTX Derivatives Exchange

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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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Info: https://www.bloomberg.com/news/articles/2019-12-20/binance-takes-minority-stake-in-crypto-derivatives-exchange-ftx