The world’s biggest cryptocurrency trading platform reported Tuesday it has agreed to invest in FTX, a at the time-stalwart rival quickly facing a destabilizing stream of purchaser withdrawals, in the newest bout of turmoil to rock the field this 12 months.
Binance moves to buy rival crypto exchange FTX in major shakeup
FTX chief government Sam Bankman-Fried, who has emerged in the course of this election cycle as the country’s 2nd-premier Democratic donor and a major power lobbying on Capitol Hill for crypto regulation, reported on Twitter that the business is operating to distinct out a backlog of withdrawal requests. The approach “may take a little bit to settle,” he reported, but
