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Breaking: Abu Dhabi-Based Crypto Firm Plans To Acquire FTX, But There’s A Catch

Crypto trading firm Hayvn based in Abu Dhabi, the UAE considering a bid for collapsed FTX’s payments business FTX Pay, the company said on Friday. Hayvn executives consider FTX Pay as a well-suited business, matching the Hayvn Pay infrastructure. Crypto exchange FTX is reportedly planning to sell or reorganize its subsidiaries, including the payments business.

The Abu Dhabi Global Market granted regulatory approval to virtual asset trading firm Hayvn in December 2021. Hayvn is now considering acquiring crypto exchange FTX’s payments business FTX Pay, as it perfectly matches with Hayvn Pay infrastructure, reported The National on November 25.

(by Varinder Singh)

Cryptocurrency FTX
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