"FTX Led by 30-Year-Old American Billionaire Pursues Acquisition of Korean Crypto Exchange Bithumb"

[Asia Economy New York=Special Correspondent Joselgina] On the 22nd (local time), Bloomberg reported that FTX, a cryptocurrency exchange led by 30-year-old American billionaire Sam Bankman-Fried, is pursuing the acquisition of South Korea's coin exchange Bithumb.

According to the report, an acquisition negotiation official who requested anonymity stated, "FTX is conducting advanced negotiations to acquire Bithumb," adding, "The two companies have been discussing the acquisition issue for several months."

According to CoinGecko, Bithumb, established in 2014, currently processes cryptocurrency transactions worth $569 million (740 billion KRW) daily. However, both Bithumb and FTX declined to comment, the report added.

Earlier, FTX attempted to acquire management rights by providing emergency funds to some coin lending companies facing liquidity crises due to the cryptocurrency price crash this year. FTX, headquartered in the Bahamas, is valued at $32 billion (approximately 42 trillion KRW).

FTX's U.S. subsidiary, FTX US, recently began not only cryptocurrency but also stock trading operations. Additionally, it acquired a 7.6% stake in the online securities trading platform Robinhood, sparking speculation that it might be weighing an acquisition of Robinhood.

This content was produced with the assistance of AI translation services.