CEO Jean-Marie Mognetti described the move as "a natural progression", given the "changing macro environment prominently marked by interest rates and inflation."
New regulations on marketing that take effect Oct. 8 require firms to be registered with the FCA. Bybit is not on the FCA's crypto register.
In the run-up to FTX's bankruptcy filing, known as the Preference Period, the defendants received the benefit of withdrawals that constitute preferential transfers, the filing said.
The deal will see Bitmain receive $53.9 million worth of common CORZQ stock.
Brett Harrison’s new firm, Architect, aims to be an one-stop platform for institutional-grade crypto trading.
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto headlines today, including the argument Binance attorneys are making in a recent motion to dismiss the SEC's lawsuit.