BREAKING: Binance Signs Deal to Acquire FTX Exchange
Binance CEO Changpeng CZ Zhao said his company has signed a “letter of intent” to acquire FTX Exchange, its leading rival.
Binance CEO Changpeng CZ Zhao said his company has signed a “letter of intent” to acquire FTX Exchange, its leading rival.
CZ on liquidating his and Binance’s FTT: We are not against anyone. But we won’t support people who lobby against other industry players behind their backs.
The last time Zhao was here was in June 2022, when he discussed with the media Binance’s plans to register as virtual asset service provider (VASP) in the Philippines.
CZ filed the lawsuit against Bloomberg Businessweek’s Hong Kong publisher Modern Media Company Limited, an independent entity that licenses Bloomberg content, last July 25.
At the Point Zero Forum, the Binance CEO was asked what is the one thing he wished regulators would do in the next 6 months.
The Binance CEO questioned the credibility of the report, adding that his company has been in contact with regulatory bodies around the globe.
The CEO said they will be engaging with universities to recruit interns and, after the students graduate, they can be welcomed to the company.
The two licenses that Binance is interested in, according to CZ, are the VASP license and the EMI license from the BSP.
CZ, during the media briefing, said the Philippines is a very important market for Binance.
He also highlighted that during the bear market, where the value of crypto is crashing down, “trying to sell before a loss is a trader mentality.”