Cryptocurrency exchange Bithumb has confirmed that they are in talks with FTX for the sale of shares.
Recently, it was claimed that FTX would buy Bithumb, and rumors emerged that negotiations had been going on for several months.
According to CNBC’s report, Vidente, the owner of Bithumb, said that talks are continuing to sell the shares to FTX. According to the statement, Vidente stated that they discussed the possibilities of FTX to fully acquire and co-manage Bithumb. There is no definite situation as of now.
FTX, on the other hand, declined to make a statement on the matter.
FTX has been expanding aggressively in the crypto space over the past few months. The company’s CEO, Sam Bankman-Fried, stated that their aim in doing this is to serve the crypto industry by bailing out crypto companies.
The company secured a $400 million loan to BlockFi late last month and subsequently announced that the $240 million acquisition could be completed.
FTX also bought Japanese cryptocurrency exchange Liquid Group in February.
