FTX to acquire BlockFi for $240m.

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.