Dec 20, 2019 ⋅ 1 min read
Binance recently announced it made a strategic investment in cryptocurrency derivatives exchange FTX worth “tens of millions”. In addition to the equity investment into FTX, Binance also acquired a position in the FTX Token to better align the broader scope of the partnership. As part of the deal FTX and Binance will collaborate on a wide range of products and work towards building out their respective token ecosystems.
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