Bitget App
Trade smarter
Insider: Polymarket Spends $112 Million to Acquire Small Exchange QCX, Reentering the US Market
Show original
Foresight News reports, citing multiple sources referenced by Bloomberg, that Polymarket, a crypto betting platform previously forced offshore by federal regulators, has reached an agreement to re-enter the U.S. market. The prediction market plans to acquire a small derivatives exchange called QCX to legally return to the U.S. market.
According to sources, Polymarket will pay approximately $112 million to acquire QCX. The exchange applied for CFTC approval in 2022 and received approval on July 9.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$90,472.56
-1.08%
Ethereum
ETH
$3,029.04
+0.27%
Tether USDt
USDT
$1
+0.03%
XRP
XRP
$2.16
-2.10%
BNB
BNB
$879.99
-1.47%
USDC
USDC
$0.9998
-0.01%
Solana
SOL
$136.29
-3.84%
TRON
TRX
$0.2807
+0.31%
Dogecoin
DOGE
$0.1486
-2.97%
Cardano
ADA
$0.4164
-3.70%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now