As competition among cryptocurrency exchanges increases, there is also an incredible increase in the amount they intend to spend on the market. FTX, which has made a very rapid entry into the USA and has already spent millions of dollars, is preparing to take this situation to a higher level.

Sam Bankman-Fried, the billionaire CEO of the FTX cryptocurrency exchange, made an important statement in an interview with Bloomberg. SBF emphasized that the cryptocurrency exchange and its subsidiary in the USA can spend up to $2 billion.

   "FTX is a steady profit company. You can look at the level of investment we've had in the past year or even the year before that. I'd say a few billion dollars. I think it gives you an idea of ​​the cash we have in terms of purchases."

Stating that FTX is a "profitable" company and the funds they have obtained in the last 2 years show this, SBF said that this should continue.

FTX token

After several billion dollars of funding, SBF stated that they are now in a good position in terms of cash, while admitting that they are ready to make a significant payment for the acquisitions.

FTX had raised another $400 million in funding in January and had a market cap of $32 billion. This increased the total funding amount to over $2 billion.

It is also known that FTX has recently acquired a US company with a broker license. FTX has turned to acquisitions like this in recent days, and the number of these investments is expected to increase much faster in the coming days.

It is known that Bankman-Fried, who is also one of the founders of the stock exchange, has a fortune of $ 20 billion. Known for his life away from luxury, the young manager states that he plans to donate more than 90% of the money he earns.