A competitor is going straight out and buying a bank this time:
The FT says its parent company is set to acquire an EU-licensed bank in Lithuania, so it can handle lending and card issuance in-house. Approval is expected by 2027.
In my view, compliant infrastructure is more solid than hype, but don’t chase this kind of story if short sellers make a comeback. First, see whether funding rates and OI pick up.
Would you bet on a story like “exchange turns into a bank”? Share your position in the comments.
The FT says its parent company is set to acquire an EU-licensed bank in Lithuania, so it can handle lending and card issuance in-house. Approval is expected by 2027.
In my view, compliant infrastructure is more solid than hype, but don’t chase this kind of story if short sellers make a comeback. First, see whether funding rates and OI pick up.
Would you bet on a story like “exchange turns into a bank”? Share your position in the comments.