Crypto Exchange FTX to Acquire Other Companies in Billions of Dollars Spending

  • Fast-growing crypto exchange FTX is prepared to spend billions of dollars to buy stakes in other companies as it looks to grow the suite of products it offers customers, according to the firm’s chief executive officer.
  • While Bankman-Fried said FTX doesn’t need to buy new firms to grow, the company has already been on a spending spree.
  • While Bankman-Fried said his firm is engaging with the Commodity Futures Trading Commission and the Securities and Exchange Commission as FTX expands market offerings, the firm isn’t currently planning to seek a. charter as some crypto firms have.

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