Changpeng Rejected $40M Futures Exchange Offer From SBF

1 year ago 296

Binance CEO Changpeng Zhao (CZ) reportedly turned down a $40 million proposal from ex-FTX CEO Sam Bankman-Fried (SBF) in March 2019. The offer revolved around the establishment of a futures crypto exchange. SBF’s vision was clear as a futures exchange that minimized risk in the volatile world of crypto trading. Traditionally, futures exchanges allow traders

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