Crypto Exchange FTX Injects $250,000,000 Into BlockFi, Acquires Stock-Clearing Startup

Crypto exchange FTX is pouring hundreds of millions of dollars into top digital assets lender BlockFi, while also acquiring stock-clearing firm Embed. FTX CEO Sam Bankman-Fried explained on Twitter why the exchange viewed BlockFi as a sound investment opportunity during the crypto market downturn. “Today we’re injecting $250 million into BlockFi and partnering with them […] The post Crypto Exchange FTX Injects $250,000,000 Into BlockFi, Acquires Stock-Clearing Startup appeared first on The Daily Hodl.