Binance will likely not buy FTX says CoinDesk report – Katoch Tubes

Binance FTX deal  in turmoil

About FTX & Binance

FTX & Binance are the leading cryptocurrency exchanges in the world. Infact, by volume FTX was the second largest exchange after Binance sometime back.

Founder of FTX

Sam Bankman-Fried is the founder of FTX. He's also the founder of Alameda Research, the investment arm of FTX.

The Acquisition

In a tweet, Binance's founder CZ announced that FTX asked for help & to save it from liquidity crunch Binance will acquire it.

Why Binance buying FTX?

Swipe up to learn why the deal happened in the first place?

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The CoinDesk report

Acc. to the report, Binance will likely pull out of the deal  after analysing FTX financials  & its financial commitments

The market will Tank

If Binance backs out at this time. It's guaranteed market crash that may take Bitcoin to  $10,000, further eliminating many altcoins.

Time to make some BUSD

It's the best time to stack Dollars by playing blockchain games. Play & earn BUSD now

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