Cryptocurrency News

FTX may be planning to purchase a stake in BlockFi: Report

06/25/2022

Less than a minute

2022.06.25 00:21

FTX may be planning to purchase a stake in BlockFi: Report

Crypto exchange FTX is reportedly in talks to acquire a stake in BlockFi after the company issued a $250 million credit to the lending firm.

According to a Friday report from the Wall Street Journal, FTX is currently in discussions with BlockFi regarding the crypto exchange purchasing a stake in the firm, but no equity agreement has been reached. The reported ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday.

06/25/2022

Less than a minute

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