FTX CEO, Sam Bankman-Fried, also known as SBF, said that the major crypto exchange FTX would not be acquiring a majority ownership stake in Huobi. In a tweet on Monday, SBF expressly refuted a story stating that FTX planned to purchase cryptocurrency exchange Huobi. On August 12, a news source claimed that Huobi co-founder Leon Li was thinking about selling his majority stake in the business, which is worth more than $1 billion.

https://twitter.com/SBF_FTX/status/1564263100597010438
<h2>FTX, Alameda Want to Prevent Liquidity Issues</h2>
Under SBF's direction, FTX and Alameda Research engaged a few times during the bear market to save crypto businesses from having liquidity problems. In a June interview, Bankman-Fried stated that both firms have a responsibility to strongly consider moving in, even if it is at a loss to themselves, to prevent contagion since it would be "good for the ecosystem."

In a subsequent <a href="https://twitter.com/SBF_FTX/status/1538679493405069313" target="_blank" rel="nofollow noopener">tweet</a> on June 19, he added,
<blockquote><em>"We want to help those we can in the ecosystem and have no interest in hurting them."</em></blockquote>
https://twitter.com/SBF_FTX/status/1538679493405069313

Alameda presented Voyager Digital with a loan of $200 million in USD Coin (USDC) and a "revolving line of credit" of 15,000 <a href="https://www.cryptoknowmics.com/news/cme-group-launches-euro-denominated-bitcoin-and-ether-futures/" target="_blank" rel="noopener">Bitcoin</a> (BTC), which at the time was approximately $300 million. In addition, FTX provided BlockFi with a $250 million revolving credit facility.
<h2>Entry Into The Canadian Market</h2>
FTX announced plans to buy the cryptocurrency exchange Bitvo in July to enter the Canadian market. Before the recent market slump, FTX announced plans to buy the Japan-based Liquid Group and its subsidiaries in February. But in August, authorities targeted FTX.US for illegally misrepresenting deposit insurance in connection with cryptocurrency holdings.

FTX Has No Plans To Acquire Majority Stake In Huobi

CEO, Sam Bankman-Fried, also known as SBF, said that the major crypto exchange FTX would not be acquiring a majority ownership stake in Huobi.

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FTX Has No Plans To Acquire Majority Stake In Huobi

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