FTX to Buy Fintech Liquid in Push to Reach Japanese Traders (1)

FTX Trading Ltd. is set to acquire Singapore-based fintech Liquid Group Pte Ltd. in a push to increase its presence in Japan.

The acquisition will allow FTX to enter the Japanese market with a regulatory stamp-of-approval because a key subsidiary of Liquid, Quoine Corp., was among the first cryptocurrency exchanges to register with Japan’s Financial Services Agency in 2017. Quoine was approved to offer derivatives trading, an integral service for FTX.

The deal is expected to close in March, according to a blog post by Liquid. A FTX spokesperson declined to disclose the financial terms of the transaction.

Liquid ...