Monday, February 6, 2023
Homedavos world economic forumTop crypto firms go on the hunt for acquisition targets as market...

Top crypto firms go on the hunt for acquisition targets as market crashes

  • Two top cryptocurrency companies Ripple and FTX, told CNBC that they're on the lookout for acquisitions as the industry hopes to drive growth through buying other firms.
  • Brett Harrison, president of cryptocurrency exchange FTX U.S., said it will look for companies which will help them acquire more users or regulatory licenses.
  • Meanwhile, Brad Garlinghouse, CEO of cross-border payments company Ripple, said the company has "a very strong balance sheet," predicting a rise in mergers and acquisitions in the crypto industry.

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