Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
News
All NewsCompaniesIndexesCurrency / ForexCommoditiesCryptocurrenciesETFInterest RatesEconomyThemesSectors 

Exclusive: Ripple Labs 'interested' in bankrupt crypto lender Celsius' assets - spokesperson

08/10/2022 | 10:52am EST
FILE PHOTO: Illustration shows Celsius Network logo and representations of cryptocurrencies

(Reuters) - San Francisco-based blockchain payments company Ripple Labs Inc is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network, according to a company spokesperson.

"We are interested in learning about Celsius and its assets, and whether any could be relevant to our business," the spokesperson said, declining to say if Ripple was interested in acquiring Celsius outright.

"Ripple has continued to grow exponentially" through the recent crypto market turmoil and "is actively looking for M&A opportunities to strategically scale the company," the spokesperson said.

(Reporting by Hannah Lang in Washington; Editing by Mark Porter)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CELSIUS NETWORK (CEL/USD) 0.63% 0.5145 End-of-day quote.-87.83%
XRP (XRP/BTC) -0.70% 2.276E-5 End-of-day quote.27.72%
XRP (XRP/EUR) 0.49% 0.3697 End-of-day quote.-50.60%
XRP (XRP/USD) 0.59% 0.3896 End-of-day quote.-54.17%
Latest news "Economy"
01:08pHungary's MOL reports fuel shortage due to lack of imports
RE
01:08pCrypto lender Nexo to quit United States
RE
01:08pISS recommends one of Land & Buildings' director nominees at Apartment Investment and Management Co
RE
01:02pOil futures extend losses; us, brent down $2 to session lows…
RE
01:01pU.S. seeing most flu hospitalizations cases in a decade, CDC says
RE
12:55p'Immoral' for Hungary to hold up EU financing deal for Ukraine - Lithuania
RE
12:47pApple explores moving some iPad production to India - CNBC
RE
12:40pAdnoc, Petronas sign agreement for unconventional oil resources in Abu Dhabi - WAM
RE
12:36pWall St falls after strong service-sector data feeds hawkish Fed fears
RE
12:34pGiuliani faces D.C. ethics charges over 2020 election lawsuit
RE
Latest news "Economy"