Zhao Changpeng talks again about abandoning the acquisition of FTX: In addition to financial aspects, user overlap and regulatory intervention are also reasons

ChainCatcher news, Zhao Changpeng explained again the reasons for abandoning the acquisition of FTX at the financial summit in Indonesia. Zhao Changpeng stated that, from a financial perspective, FTX has a huge financial hole that needs to be filled. Additionally, there is an overlap between FTX users and Binance users, and Binance almost covers all product areas of FTX, but has far more users than FTX. Furthermore, Zhao Changpeng mentioned that regulatory intervention is also one of the reasons for abandoning the acquisition.

In addition to explaining the reasons for abandoning the acquisition of FTX, Zhao Changpeng also stated that Binance is considering disclosing its internal audit methods and sharing how various regulators conduct audits of cryptocurrency exchanges. (Forkast)