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?

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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