Binance Buys FTX: Breaking News

Binance buys the FTX exchange to solve the issue of liquidity crisis, as per the latest announcement of the FTX CEO. 

This is shocking because FTX once played a crucial role in restoring stability in the market during the events of Terra’s collapse. Also, it had acquired companies like Voyager, BlockFi, Celsius, Three Arrows Capital, and Babel Finance. But now the company itself is in distress, which is a major turnaround. People are saying that the market confidence will be shaken right now.