FTX acquired Japanese FCA-licensed crypto exchange Liquid
The deal is expected to close in March 2022, but its terms have not yet been disclosed

02.02.2022 - 12:40
506
1 min
0
What’s new? American billionaire and CEO of crypto exchange FTX Sam Bankman-Fried has announced that his company has acquired Japan’s crypto exchange Liquid Group and its subsidiaries. As part of the deal, FTX bought Quoine Corporation, a crypto exchange licensed by the Financial Services Agency (FSA).
FTX is pleased to announce the acquisition of the Liquid group of companies, including an FSA-registered crypto-asset exchange to provide products and services to our customers in Japan! 🇯🇵https://t.co/rO5TznWFCU— SBF (@SBF_FTX) February 2, 2022
What is the essence of the partnership? The partnership will cover services to retail and institutional investors in the Japanese and global markets. The agreement commits FTX to comply with Japanese laws when serving local users on its platform. Based on this agreement, FTX will migrate its existing users from Japan to the Quoine trading platform starting March 30. .
What does the FTX CEO say? Despite experts’ concerns about a falling cryptocurrency market, Bankman-Fried remains bullish:
“I think we’re not entering a long-term crypto winter. There have been changes in expectations of interest rates, and that’s been moving crypto markets. But it’s been moving markets more generally as well.”
Useful material?
Incidents
We talk about how the events with the collapsed cryptocurrency developed and how the head of Argentina contributed to it
Feb 17, 2025
Market
Once the SEC confirms, the filing will be published in the Federal Register, which will initiate the approval process
Feb 11, 2025
Market
Analysts at JPMorgan Bank believe the asset will continue to face pressure amid growing competition
Feb 6, 2025
Market
The hacker used the account to promote MEOW and DCOIN scam tokens
Feb 6, 2025
Market
The company’s operating expenses rose 693% year-over-year to $1,103 billion
Feb 6, 2025
Crypto regulations
Group head Hester Peirce criticized the regulatory approach formed by former chairman Gary Gensler
Feb 5, 2025