Sam Bankman-Fried: FTX Spending Billions For Acquisitions

Largest crypto exchange FTX’s CEO Sam Bankman-Fried on Saturday said the company plans to expand through acquisitions to increase product offerings. FTX proposes to use proceeds worth billions from recent fundraising rounds to buy shares in other companies. The crypto giant is expanding massively in crypto as well as traditional financial markets amid uncertainty in the crypto and equities markets.