Bithumb Holder Confirms Acquisition Talks with FTX

 

Vidente, a shareholding company of Bithumb, said it has held talks about a possible acquisition of its stake by FTX, CNBC reports.

Although Vidente declined to elaborate on the matter, it added that it is reviewing all possible options, including a full acquisition of Bithumb or joint management of the exchange. The news comes just a few days after reports said that FTX has been discussing the acquisition for at least several months now.

FTX Set to Acquire BlockFi for $240M

 

Earlier this summer, FTX Founder, Sam Bankman-Fried, said that the exchange plans to spend «billions» of dollars to acquire stakes in other companies in order to expand its product line.

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