1654009020 shutterstock 1132235375 As Crypto Prices Continue to Plunge, These Companies Are Preparing to Take Advantage!

As Crypto Prices Continue to Plunge, These Companies Are Preparing to Take Advantage!

-Two top firms, Ripple and FTX, informed CNBC that they’re searching for acquisitions.
-The companies hope that the buyouts will spur growth in the cryptocurrency industry overall.
-In an interview last week, Brett Harrison, president of cryptocurrency exchange FTX U.S., revealed the company is in “a very good spot in terms of our capital and cash” and plans to scope out possible merger and acquisition opportunities.
-Harrison also said the firm will seek companies that can help it gain additional users or regulatory licenses.
-Similarly, cross-border payments company Ripple cited its “very strong balance sheet,” believing an increase in mergers and acquisitions within the crypto industry is on the horizon.
-Data on crypto’s recent mergers and acquisition history also lends weight to Harrison’s and Garlinghouse’s assessments.

 

 

1654009020 shutterstock 1132235375 As Crypto Prices Continue to Plunge, These Companies Are Preparing to Take Advantage!
As Crypto Prices Continue to Plunge, These Companies Are Preparing to Take Advantage! 3

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