Blockfolio, an encrypted digital asset management app, will be acquired by FTX for $150m in a bid to expand the retail market
BlockBeats - On August 26, FTX, a cryptocurrency derivatives trading platform, acquired Blockfolio, a mobile news and portfolio tracking app, for $150 million. According to Rhythm, the acquisition will be paid for in cash, cryptocurrency and shares.
This is a strategic deal for FTX, whose clients are mainly quantitative and professional traders, and it hopes to attract more retail customers through the acquisition. Sam Bankman-fried, CHIEF executive of FTX, says FTX is not just about "acquiring intellectual property". "It's a 'get synergies and scale up' deal."
Pantera Capital 董事会成员兼共同投资官 Paul Veradittakit 表示，得益于 FTX 的资源和专业知识，该交易使这两个团队能够「为加密货币行业的更多主流，移动端的受众打开大门」。 Pantera Capital 是 Blockfolio 的 A 轮融资的联合负责人。此次收购主要是由 Moncada 和 Bankman-Fried 共同谈判达成的，后者还经营量化交易公司 Alameda Research。总部位于加利福尼亚州圣莫尼卡的 Blockfolio 在整个过程中得到了专门研究区块链及相关行业的精品咨询公司 Spartan Group 以及 Mike Novogratz 的商业银行 Galaxy Digital 的指导。
FTX has also grown at an alarming rate since it was founded last year. Based in Antigua and Barbuda in the Caribbean, the CryptoWatch trading platform ranks first in order liquidity and seventh in 24-hour trading volumes, according to the company.
Blockfolio was founded in 2014 and has been downloaded more than 6 million times. Its news and portfolio tools average more than 150 million presentations per month.The deal appears to be the sixth-largest acquisition in the history of the encryption market. Previous big acquisitions include The Wave Field Foundation's purchase of BitTorrent ($125 million); Lightyear. IO ties up Chain, makes Interstellar ($350 million); Binance was rumoured to have paid $400m for CoinMarketCap, among others.
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