{"id":57000,"date":"2022-02-02T11:18:28","date_gmt":"2022-02-02T09:18:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57000"},"modified":"2025-09-04T09:20:15","modified_gmt":"2025-09-04T06:20:15","slug":"ftx-agrees-to-acquire-liquid-the-bitcoin-exchange","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ftx-agrees-to-acquire-liquid-the-bitcoin-exchange\/","title":{"rendered":"FTX agrees to acquire Liquid, the bitcoin exchange"},"content":{"rendered":"<p>The FTX cryptocurrency-derivatives platform has agreed to acquire the Japanese cryptocurrency exchange Liquid and its subsidiaries.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">FTX is pleased to announce the acquisition of the Liquid group of companies, including an FSA-registered crypto-asset exchange to provide products and services to our customers in Japan! \ud83c\uddef\ud83c\uddf5<a href=\"https:\/\/t.co\/rO5TznWFCU\">https:\/\/t.co\/rO5TznWFCU<\/a><\/p>\n<p>\u2014 SBF (@SBF_FTX) <a href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1488756817987579905?ref_src=twsrc%5Etfw\">February 2, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The deal value was not disclosed. Its closing is expected by March 2022.<\/p>\n<p>In 2019, following the funding round, Liquid <a href=\"https:\/\/www.theblockcrypto.com\/post\/132746\/ftx-liquid-acquisition-japan-crypto-exchange\">valued<\/a> more than $1 billion.<\/p>\n<p>The deal includes Singapore-based Quoine Corporation and Quoine Pte. The Liquid-brand platform Quoine was among the first recipients of the Financial Services Agency&#8217;s licensing in Japan in 2017.<\/p>\n<p>Quoine will integrate FTX products and services into its own platform, and existing FTX customers in Japan will be migrated to Quoine.<\/p>\n<p>Earlier in August 2021, Liquid disclosed a hot-wallet breach.<\/p>\n<p>Subsequently, $20 million of the $97 million stolen in digital assets (per Elliptic) was sent to the Tornado Cash mixer by the hacker <a href=\"https:\/\/forklog.com\/en\/news\/hacker-behind-liquid-breach-sent-nearly-20m-in-ethereum-to-tornado-cash-mixer\">sent<\/a>. This was followed by a response from centralized exchanges to his actions.<\/p>\n<p>A week after the incident, Liquid <a href=\"https:\/\/forklog.com\/en\/news\/liquid-borrows-120-million-from-ftx\">raised $120 million<\/a> as a loan from the operator of the cryptocurrency-derivatives platform FTX.<\/p>\n<p>In October 2021, the Japan Financial Services Agency license to trade financial instruments <a href=\"https:\/\/forklog.com\/en\/news\/liquid-to-offer-japanese-clients-crypto-derivative-trading\">was obtained by<\/a> QUOINE Corporation.<\/p>\n<p>In January 2022, FTX <a href=\"https:\/\/forklog.com\/en\/news\/ftx-raises-400-million-at-a-32-billion-valuation\">was valued at $32 billion<\/a>.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FTX cryptocurrency-derivatives platform has agreed to acquire the Japanese cryptocurrency exchange Liquid and its subsidiaries.<\/p>\n","protected":false},"author":1,"featured_media":57001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1236,888,1235],"class_list":["post-57000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ftx","tag-liquid","tag-mergers-and-acquisitions"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=57000"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57000\/revisions"}],"predecessor-version":[{"id":57002,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57000\/revisions\/57002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/57001"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=57000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=57000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=57000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}