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Aug 10 (Reuters) – San Francisco-based blockchain funds firm Ripple Labs Inc is fascinated with probably buying property of bankrupt crypto lender Celsius Community, in keeping with an organization spokesperson.
“We’re fascinated with studying about Celsius and its property, and whether or not any may very well be related to our enterprise,” the spokesperson mentioned, declining to say if Ripple was fascinated with buying Celsius outright.
“Ripple has continued to develop exponentially” via the latest crypto market turmoil and “is actively on the lookout for M&A alternatives to strategically scale the corporate,” the spokesperson mentioned.
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Reporting by Hannah Lang in Washington; Modifying by Mark Porter
Our Requirements: The Thomson Reuters Trust Principles.
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