Announced
Financials
Sources
Tags
Pending
Private
FinTech
cryptocurrencies tools
blockchain financial services
United States
Single Bidder
Domestic
Acquisition
Majority
Friendly
Synopsis
FTX, a Bahamian cryptocurrency exchange platform, agreed to acquire BlockFi, a secured non-bank lender that offers USD loans to crypto-asset owners who collateralize the loan with their crypto-assets, for $240m. "We found a great partner in FTX, who shares our commitment to clients. This represents the best path forward for all BlockFi stakeholders and the crypto ecosystem as a whole.” Zac Prince, BlockFi Chief Executive.
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