In brief Binance announced today that it has agreed to acquire FTX following a liquidity crisis. The exchange’s respective tokens, FTT and BNB, are surging in price following the news. The price of crypto exchange FTX’s FTT token collapsed on Monday after rival exchange Binance started liquidating all of its holdings of the token. But now the story has changed dramatically: Binance has agreed to purchase FTX following a liquidity crisis, and both of the exchange’s tokens are now soaring in price. FTT is up 25% over the last hour to a current price of about $18.30, according to data ...
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