Fun

Japanese exchange BitFlyer to acquire FTX Japan

News Feed - 2024-06-20 10:06:03

Helen Partz1 hour agoJapanese exchange BitFlyer to acquire FTX JapanFTX Japan, a Japanese subsidiary of the collapsed FTX exchange, is preparing to return with a new owner after repaying its customers in 2023.503 Total views1 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksJapanese cryptocurrency exchange BitFlyer will acquire the Japanese arm of the collapsed FTX trading platform, according to local media reports.


BitFlyer Holdings is in the process of acquiring FTX Japan in a deal expected to be worth billions of yen, or tens of millions of dollars, the local news agency Nikkei reported on June 20.


Following the acquisition, FTX Japan"s core business is reportedly planned to shift to crypto asset management or custody, targeting institutional investors.


FTX Japan is one of multiple firms affected by FTX’s collapse in November 2022. The exchange repeatedly argued that its customers’ assets were not part of FTX’s bankruptcy proceedings and eventually resumed withdrawals after repaying its customers in February 2023.


The FTX exchange collapsed months after it acquired Japan"s crypto exchange, Liquid, and launched FTX Japan in early 2022.


This is a developing story, and further information will be added as it becomes available.# Bitcoin# Japan# Business# Bankruptcy# Cryptocurrency Exchange# FTXAdd reaction

News Feed

Ethereum’s Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12
Ethereum"s Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12 The Ethereum blockchain is set to undergo its next major update since the network switched from
IMF Warns Ongoing War in Europe Will Have a ‘Severe Impact on the Global Economy’
IMF Warns Ongoing War in Europe Will Have a "Severe Impact on the Global Economy" In a report published on Saturday, the International Monetary Fund (IMF) has warned that an ongoin
HUMAN Protocol Foundation Awards Grant to VeritaTrust to Build on-Chain Rewards for Reviews
HUMAN Protocol Foundation Awards Grant to VeritaTrust to Build on-Chain Rewards for Reviews press release PRESS RELEASE.Georgetown, Cayman Islands, May 10, 2022– Today, HUMAN
Robinhood rolls out SOL staking to European markets
Ana Paula Pereira7 hours agoRobinhood rolls out SOL staking to European marketsRobinhood Crypto has chosen Europe to launch its first staking product, offering customers Solana staking with a 5% yield at launch.591 Total
SEC’s spot Ether ETF concerns unfounded, Consensys asserts
Amaka Nwaokocha13 hours agoSEC’s spot Ether ETF concerns unfounded, Consensys assertsConsensys highlighted that Ethereum boasts a larger developer community than Bitcoin and operates on a fully transparent and public b
‘Bitcoin Is the Biggest Jailbreak in Human History,’ Says Philosopher Stefan Molyneux
"Bitcoin Is the Biggest Jailbreak in Human History," Says Philosopher Stefan Molyneux On February 19, the Canadian podcaster and Freedomain Radio host, Stefan Mo
Get Your Daily Price Updates on TikTok With Bitcoin.com News’ Brand New Channel
Get Your Daily Price Updates on TikTok With Bitcoin.com News’ Brand New Channel Are you addicted to following the crypto markets? Are you new to the game and just want to know wh
Defi Portfolio Tracking Startup Debank Raises $25M From Sequoia China, Crypto.com, Circle
Defi Portfolio Tracking Startup Debank Raises $25M From Sequoia China, Crypto.com, Circle The decentralized finance (defi) portfolio tracking startup Debank raised $25 million from
Brayden Lindrea5 hours agoIs Binance’s $4B settlement the green light for spot Bitcoin ETFs?One crypto executive predicted five months ago that spot Bitcoin ETFs would only be approved after Binance lost ground on its
Crypto Market Cap On Track To $4.5 Trillion As Q3 Unfolds – Details
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin reaches new US dollar high: From top to bottom and back in 846 days
Tristan Greene6 hours agoBitcoin reaches new US dollar high: From top to bottom and back in 846 daysBTC briefly crossed its 2021 U.S. dollar all-time-high to reach $69,000.1791 Total views4 Total sharesListen to article
Bitcoin L2s help crypto miners in Asia supplement income with staking
Shiraz Jagati10 hours agoBitcoin L2s help crypto miners in Asia supplement income with stakingBitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving.94