The crypto exchange plans to enhance its newly launched FTX Stocks offering with the deal.
Terms of the deal weren't disclosed, but Embed has raised around $40 million in total funding to date and is valued at up to $120 million, according toEmbed founder and CEO Michael Giles confirmed the firm's total funding to The Block but declined to comment on the valuation and the deal size. FTX US president Brett Harrison declined to comment on whether the deal will be financed via cash, equity, tokens or a mix of those things.
The acquisition of Embed will help FTX US offer the stock trading functionality to other firms, said Harrison.
Yogita_Khatri5 ftx ftx sell my position at 21000$ even if my liq price is 20417 They stole my only remaining 78$ you cant market sell my position without my intention My estimated liq price=20417 but ftx market sell at 21000 ftxhelpsbf
Yogita_Khatri5 These guys are not sleeping!
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