Binance Holdings plans to acquire rival FTX.com
From left, Sam Bankman-Fried and Changpeng Zhao
The proposed deal for Sam Bankman-Fried's 3-year-old exchange will 'help cover the liquidity crunch.'
A 48-hour crypto drama ended in shock Tuesday as Binance Holdings Ltd. agreed to acquire its most formidable rival, FTX.com, after helping whip up an investor exodus from billionaire Sam Bankman-Fried’s three-year-old exchange.
The sharp turn of events will reshape the more than $1 trillion ind
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