FTX took over the bitcoin exchange Liquid

Crypto derivatives platform FTX has agreed to acquire Japanese exchange Liquid and its subsidiaries. The companies did not disclose the amount of the deal. Liquid will approximately close in March 2022. In 2019, Liquid was valued at more than a billion dollars.

FTX is pleased to announce the acquisition of the Liquid group of companies, including an FSA-registered crypto-asset exchange to provide products and services to our customers in Japan! 🇯🇵https://t.co/rO5TznWFCU

— SBF (@SBF_FTX) February 2, 2022

In addition to Liquid, the deal includes its subsidiaries. This​ information is from site cryptodefix.com. These include Quoine Corporation and Quoine Pte. After the acquisition, Quoine will integrate FTX products and services into its own platform. Existing FTX customers in Japan will be transferred to Quoine.