FTX may still have a chance to establish itself as a force to be reckoned with in the crypto space.
Plans to launch FTX 2.0 may be slowly taking shape after Jefferies, a Wall Street investment firm, confirmed it is in talks with a potential buyer for the failed move. ftx exchange. If everything goes according to plan, the exchange is expected to resume operations after being shut down by regulators.
Bankrupt FTX Exchange To Be Relaunched As FTX 2.0
According to sources familiar with the situation, Jefferies is weighing various options regarding the sale of FTX. But now, it appears that talks with an undisclosed buyer have entered advanced stages.
The deal, if it completes, is expected to revive FTX from the ashes and set it on track to be at the forefront of the cryptocurrency industry once again.
Recall that many users saw their funds locked out in the FTX collapse. However, according to zhu suCo-founder of bankrupt crypto hedge fund 3AC:
“FTX 2.0 will consolidate capital and provide it to those whose capital is stuck.”
More than that, given that the development comes at a time when the cryptocurrency sector is seeing increased popularity and growth, FTX may still have a chance to establish itself as a force to be reckoned with in the sector.
Despite the enormous potential, there are also many opposing views to the FTX 2.0 idea. but this may be largely due to ftx collapse in November 2022 which sent shock waves throughout the crypto market.
Jefferies Aims to Explore Blockchain and Digital Assets
Meanwhile, Jefferies’ business with FTX is mutually beneficial. For one, the financial services specialist hopes to help relaunch FTX. However, it is also interested in tapping the potential of the bitcoin market. To this end, the bank has recently been hiring individuals with a good knowledge of the blockchain industry and how digital assets work. Therefore, by partnering with FTX Bidder, Jefferies will not only portray itself as a leading advisor but also expand its footprint in the crypto space.
Maiowa is a crypto enthusiast/writer whose conversational character is quite evident in his writing style. He firmly believes in the potential of digital assets and takes every opportunity to reiterate this. He is also an avid reader, a researcher, an astute speaker and a budding entrepreneur. However, away from crypto, Mayowa’s distractions include discussing soccer or world politics.
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