Binance is the biggest fish in the crypto-exchange sea and it is about to acquire its rival and also the second largest fish — FTX. Neither one of the firms did not disclosure the value yet, as the due diligence is still in process. This decision was made after FTX asked Binance for help.
The relationship between the heads of both firms started to totter after several gunfights on Twitter escalating in liquidating FTT token — the native token of FTX — in Binance’s portfolio. The latter firm was lastly valued at $32 billion and Binance was valued approximately 10X more. This announcement shocked the crypto community and we will be watching, what will happen next.
What is your opinion on this situation? How would according to you eventually Binance look like?
