FTX approaches Kraken for potential rescue deal: Axios

Markets•November 10, 2022, 10:49AM EST
FTX approaches Kraken for potential rescue deal: Axios

Quick Take

  • FTX has approached U.S.-based crypto exchange Kraken about a potential rescue deal, Axios reported.

FTX has approached U.S.-based crypto exchange Kraken about a potential rescue deal, Axios reported, citing two people familiar with the matter. 

Details of the talks are unclear, and they could continue or fall apart, Axios said, adding that FTX and Kraken both declined to comment.

The news comes after Binance backed out of a deal to buy FTX.

Kraken’s Arjun Sethi on Tokenized Equities and Crypto’s Next Phase

Kraken’s Arjun Sethi on Tokenized Equities and Crypto’s Next Phase

More videos →
TAGS