The post FTX Exchange All set To Bid For Celsius Networks appeared first on Coinpedia Fintech News
Crypto Exchange FTX seems to have some major expansion goals for this year, with its constant bidding on distressed assets. Starting with its acquisition of Bankrupt Crypto Lender Voyager just earlier this week, FTX is now looking to bid for Celsius Network. Notably, FTX is in the process of raising $1 billion from the market as of now.
It is still unclear if Sam Bankman-Fried’s group of companies, which include FTX and Alameda Research, are bidding to acquire only a part or all of Celsius’s assets. Bankrupt company Celsius Networks is now considering multiple options such as restructuring and liquidation.
It can be noted that FTX made a big announcement just yesterday, with FTX chief Sam Bankman-Fried revealing the relocation of the FTX headquarters from Chicago to Miami. Also, with Brett Harrison leaving, Zach Dexter will be succeeding him as the new president of FTX US.