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THE TRUTH ABOUT: Crypto exchange binance to acquire rival ftx - Caught on Camera

Binance has signed a letter of intent to acquire FTX.com, the exchange associated with Sam Bankman-Fried, according to tweets from CEOs of both companies.

Why it matters: Binance is the largest exchange by volume in the world. FTX is the fourth largest. It's acquiring a fast-growing rival amidst a wider downturn in the crypto market.


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