RATE Group | Breaking: Crypto Giant Binance Makes Investment in Futures Upstart FTX
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Breaking: Crypto Giant Binance Makes Investment in Futures Upstart FTX

20 Dec Breaking: Crypto Giant Binance Makes Investment in Futures Upstart FTX

Posted at 05:26h in Ethereum News by

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If you’ve been on Crypto Twitter over the past few months, you’ve likely heard the name “FTX” tossed about.

For those who missed the memo, FTX is a cryptocurrency-centric derivatives exchange built by veterans of Wall Street (Jane Street, Susquehanna, and Optiver) and other financial markets. The platform offers high levels of leverage, much like BitMEX or ByBit, and offers a slew of custom investment vehicles, like the “S**tcoin” perpetual swap, giving investors other ways to trade their capital.

Despite the fact that it’s a new entrant into a crowded space, FTX was reported just minutes ago to have secured an investment from Binance, ” the world’s leading cryptocurrency exchange and blockchain ecosystem.”

According to a press release published on the matter, the two companies will “work together to further…

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