Binance, the world’s largest cryptocurrency exchange, is acquiring the non-U.S. operations of rival FTX, which had seen billions in customer withdrawals after media reports about its close ties to trading firm Alameda Research. “This afternoon, FTX asked for our help,” tweeted Changpeng Zhang, CEO of Binance. “There is a significant liquidity crunch. To protect users, we signed a non-binding...
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Fast-Delivery Startups Getir and Flink Held Merger Talks
Turkey-based fast-delivery firm Getir had preliminary talks late last year about merging with Flink, the Germany-based startup, in a sign that consolidation in the fast-delivery sector may have another round to go. Merging with Flink would strengthen Getir in Germany, where it expanded through last year’s acquisition of Gorillas. Flink came away from the discussions uninterested in...
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