Reuters: FTX spent $2 billion on "acquisitions to meet regulatory requirements."

2022-11-18 23:30:40
Collection

ChainCatcher news, according to Reuters, FTX spent about $2 billion on "acquisitions to meet regulatory requirements," mainly including: the acquisition of the futures trading platform LedgerX LLC (which obtained three licenses from the U.S. Commodity Futures Trading Commission, allowing FTX to enter the U.S. commodity derivatives market as a regulated trading platform), and the acquisition of approximately 10% of the shares of the U.S. stock trading platform IEX Group (which gave SBF the opportunity to lobby the U.S. Securities and Exchange Commission through IEX).

It is reported that FTX claimed in documents to investors this June that it "has the cleanest brand in the crypto space." Currently, SBF has not responded to Reuters' request for comment regarding FTX's regulatory strategy, and FTX's official representatives, the U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission have all declined to comment on the matter. (Reuters)

Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags
ChainCatcher Building the Web3 world with innovators