CrossTower Expresses Interest In Other Acquisitions Apart From Voyager Bid
It appears that the FTX crash did little to nothing to dampen the interest and confidence of the famous crypto exchange, CrossTower, in the acquisition of crypto entities. Apart from its interest in the now-defunct crypto lending firm Voyager Digital, CrossTower has taken to the public through its chief executive officer, Kapil Rathi, to announce its interest and search for compatible crypto firms to acquire.
CEO Of CrossTower Addresses The Community
Unfazed by the market’s condition, CrossTower announces interest in acquiring other assets. This is aside from its already existing interest in the now-defunct crypto lending firm, Voyager Capitals.
In a Bloomberg report made public recently, the chief executive officer of the crypto exchange, Kapil Rathi, expressed the intention of the firm to go on and acquire other assets as it deemed fit.
In respect of the kinds of assets or crypto firms that they want to acquire, Kapil Rathi has gone on to say that at this time, the handler exchange does not have specific firms in mind, but it would however be interested in various types of firms as long as their balance sheet is okay and their customer base is commendable.
CEO Kapil Rathi has expressed his opinion that he understands why investors are reluctant to act considering the current market situation. He has, however, stated that CrossTower’s situation is all good and nice.
Also in a public statement, the president of the crypto exchange, Kristin Boggiano, disclosed to the public that the situation at CrossTower is all good and fine. According to him, the exchange had little involvement with the bankrupt FTX, and as such, investors should be at peace.
Also, the exchange, along with its supporters, has plans to set up a fund that would be for rescuing crypto ventures. However, the exchange has no interest in contributing to Binance’s recovery fund as at now.
The Future Looks Good
Since the collapse of FTX earlier this month, a number of things in the crypto industry could be said to have gone south. A number of firms and exchanges packed up, and it could be said that the industry right now is in a not so enviable state.
Speculators have termed this phase the end of Bitcoin and crypto, but it appears that new developments continue to prove them wrong.
The crypto industry is no doubt in a bad state right now, but it is slowly but steadily rearing its head back.
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