21.6 C
Amsterdam
27 September 2023
PumpMoonshot
Image default
News

Crypto Derivatives Exchange FTX Acquires Blockfolio For $150 Million


Cryptocurrency consumer app Blockfolio was acquired by the popular exchange FTX and it will launch a retail trading experience.

The cryptocurrency derivatives exchange FTX has purchased one of the most utilized cryptocurrency applications – Blockfolio for $150 million. As a result, Blockfolio will add a retail trading experience for its over 6 million users.

FTX Buys Blockfolio

After recently launching a DEX focused on DeFi trading called Serum, FTX continues expanding, acquiring the popular app for $150 million.

The consumer application, which has been downloaded over 6 million times on iOS and Android, previously raised $17 million from Founders Fund, Pantera Capital, Dan Matuszewski, DCM Ventures, Hashkey Digital Asset Group, and others.

Blockfolio allows users to add a portfolio of cryptocurrencies and track their performance. Additionally, users can have a so-called automatic portfolio by connecting the app with different exchanges.

Following the FTX acquisition, Blockfolio plans to launch a retail trading experience powered by the cryptocurrency exchange. Although neither company disclosed further details about it at the time, Blockfolio allows pre-registrations as the project will “launch soon.”

News source

Related posts

B2BinPay Adds LINK to the List of Available Cryptocurrencies

PumpMoonshot

BITCOIN JUST SAW ITS BIGGEST BREAKOUT EVER, AND THAT MEANS $10K IS JUST THE START

PumpMoonshot

Analyst Who Called This Week’s XRP Rally Forecasts What’s Coming Next, Says Ethereum Poised To Outperform Bitcoin

PumpMoonshot