![]() "It started on that level, discussing what products we could collaborate on and it changed over the course of a few months," Bankman-Fried said. Blockfolio was exploring how it could capture the value accrued in crypto trading. The acquisition deal spawned from early discussions between the two companies about ways they could collaborate on new products. The acquisition of Blockfolio will help the firm expand its footprint in the retail market, chief executive Sam Bankman-Fried said in an interview with The Block. ![]() Launched in 2019, FTX is known for quickly delivering new products to market for institutional traders, including a wide range of derivatives. ![]() Crypto derivatives exchange FTX has acquired popular crypto price tracking app Blockfolio for $150 million in one of the largest acquisition deals in the digital asset space this year.
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