u.today
Cryptocurrency exchange Binance has signed a non-binding letter of intent (LOI), intending to fully acquire the FTX exchange.
This will help to solve FTX's liquidity crunch, according to Binance CEO Changpeng Zhao.
FTX boss Sam Bankman-Fried says that things have now come "full circle."
The terms of the deal have not been disclosed.
This is breaking news. Stay tuned for updates.