The head of Binance commented on the acquisition of FTX and appealed to employees to no longer sell FTT tokens.
Changpeng Zhao said that from now on, regulators will begin to control cryptocurrency exchanges in more detail and appealed to his employees not to regard the "defeat of a competitor" as a "victory".
The head of Binance Changpeng Zhao commented on the acquisition of the FTX exchange. According to him, this was not planned before. He was not aware of the situation and developments within FTX until a call from FTX CEO Samuel Banckman-Fried. Changpeng Zhao expected Banckman-Fried to call with a deal, but that was not the case.
Changpeng Zhao advised employees not to trade FTT tokens if they have any, pointing out the high volatility. After a dialogue with Samuel Banckman-Fried, the implementation of FTT on the Binance crypto exchange was discontinued.
The head of Binance also asked employees not to comment on the deal.
The acquisition of FTX by the Binance cryptocurrency exchange is currently the most relevant and discussed news in the global crypto community. Experts at Bernstein predict an increase in the share of Binance in the crypto market up to 80% in case of a successful deal. They also believe that it will be of interest to antitrust regulators.
Earlier, it was reported that the crypto business is distancing itself from the FTX exchange. Samuel Banckman-Fried also took to the community on Twitter to thank the FTX traders who supported the crypto exchange at a time when Binance CEO Changpeng Zhao announced his venture's decision to liquidate all of its FTX tokens.
