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Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Galaxy on August 26, 2020, 05:30:14 PM

Title: FTX Exchange’s $150M Deal for Mobile-First Blockfolio Is a Retail Trading Play
Post by: Galaxy on August 26, 2020, 05:30:14 PM
Cryptocurrency derivatives exchange FTX has acquired Blockfolio, the market’s leading mobile news and portfolio tracking app, for $150 million. The price was paid in cash, crypto and equity, the companies told CoinDesk.

Formally announced Wednesday morning in Asia, the deal is a strategic play for FTX, whose clientele consists largely of quants and professional traders, to attract more retail customers.
Info Link: https://www.coindesk.com/ftx-blockfolio-150m-deal