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One of the largest cryptocurrency exchanges in Japan wants to acquire the local arm of the bankrupt crypto trading platform FTX.from local media Nikkei, BitFlyer Holdings, the parent company of the crypto exchange BitFlyer, is in the process of acquiring FTX Japan. The deal, which has remained undisclosed until now, is in its final stages.
BitFlyer will purchase all FTX Japan shares and take control of its business operations. Upon finalization of the deal, FTX Japan will reportedly pivot to crypto asset management or custody, with its target user base becoming institutional investors.fintech company Liquid Group and all of its operating subsidiaries, including Quoine Corporation, one of the first crypto exchanges in the country.
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