.binance is set to fully acquire the rival exchange
This will help to solve FTX's"liquidity crunch," according to Binance CEO Changpeng Zhao.
The terms of the deal have not been disclosed. Binance says can withdraw from the deal"at any time" after rescuing its crypto rival. Bankman-Fried claims that the development can potentially benefit the entire industry. He also praised Zhao for doing"an incredible job of building out the global crypto ecosystem" and"creating a freer economic world.
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