Japanese exchange BitFlyer to acquire FTX Japan
FTX Japan, a Japanese subsidiary of the collapsed FTX exchange, is preparing to return with a new owner after repaying its customers in 2023.
Japanese cryptocurrency exchange BitFlyer will acquire the Japanese arm of the collapsed FTX trading platform, according to local media reports.
BitFlyer Holdings is in the process of acquiring FTX Japan in a deal expected to be worth billions of yen, or tens of millions of dollars, the local news agency Nikkei reported on June 20.
Following the acquisition, FTX Japan’s core business is reportedly planned to shift to crypto asset management or custody, targeting institutional investors.
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Author: Helen Partz
