The industry's top firms are looking aggressively into acquisition targets to buy following the markets relative price collapse across the sector. This isn't solely pertaining to the Ripple foundation but this pertains as well to FTX which is under the management of Sam Bankman-Fried.
🔎Ripple as well as FTX have make their note that they are looking for acquisition targets thanks to the market crash providing a relatively great opportunity to buy in and take advantage of them. The firms feel they have enough capital now and are large enough to start spending money on acquisitions which they are well within their rights to do now especially amongst a market that's been hit hard. They are looking to take advantage of a situation and it'll reward them greatly no doubt.
🔎FTX for example noted that capital and cash is on good terms for the company and that their aim is to find potential merger/acquisition opportunities mainly noting that the firm will be looking for companies that can help them acquire more users as well as regulatory license which is crucial and extremely beneficial in the long run. FTX's president Brett Harrison noted that the crypto firm is also looking for brokerage start-ups so that they can step their feet into stock trading and get a larger piece of the market.
🔎Ripple's CEO Brad Garlinghouse told at his CNBC interview during Davos 22 that the FinTech firm Ripple has a very strong balance sheet and that he predicts an uptick in mergers and acquisitions in the crypto industry which well, he isn't wrong. The industry is essentially just starting and getting off of it's feet, within a few years it's gonna be the industry and we'll definitely be seeing if not already see a lot of acquisitions alongside mergers within the space as cryptos do their best to compete and improve.
Thank you for staying tuned and leave a like and follow to keep posted on the content you really need, when you need it, thank you!
~ Rock
🔎Ripple as well as FTX have make their note that they are looking for acquisition targets thanks to the market crash providing a relatively great opportunity to buy in and take advantage of them. The firms feel they have enough capital now and are large enough to start spending money on acquisitions which they are well within their rights to do now especially amongst a market that's been hit hard. They are looking to take advantage of a situation and it'll reward them greatly no doubt.
🔎FTX for example noted that capital and cash is on good terms for the company and that their aim is to find potential merger/acquisition opportunities mainly noting that the firm will be looking for companies that can help them acquire more users as well as regulatory license which is crucial and extremely beneficial in the long run. FTX's president Brett Harrison noted that the crypto firm is also looking for brokerage start-ups so that they can step their feet into stock trading and get a larger piece of the market.
🔎Ripple's CEO Brad Garlinghouse told at his CNBC interview during Davos 22 that the FinTech firm Ripple has a very strong balance sheet and that he predicts an uptick in mergers and acquisitions in the crypto industry which well, he isn't wrong. The industry is essentially just starting and getting off of it's feet, within a few years it's gonna be the industry and we'll definitely be seeing if not already see a lot of acquisitions alongside mergers within the space as cryptos do their best to compete and improve.
Thank you for staying tuned and leave a like and follow to keep posted on the content you really need, when you need it, thank you!
~ Rock
