Binance to Acquire FTX’s Non-US Assets to Clear Out ‘Liquidity Crunches’

Cryptocurrency exchange, Binance has agreed to fully acquire Sam Bankman-Fried-owned cryptocurrency exchange, FTX, following the latter’s liquidity issues.Binance’s CEO Changpeng Zhao announced on Tuesday that the top cryptocurrency exchange has signed a non-binding letter of intent with the Bahamian cryptocurrency exchange. Zhao said the goal is to “help cover the liquidity crunch”…