Crypto exchange CrossTower has signed an agreement to acquire prime brokerage and digital asset exchange Bequant, according to a company release.

The terms of the deal were not disclosed.

The news comes less than a week after the exchange's CEO Kapil Rathi told Bloomberg it was considering making further acquisitions.

CrossTower initially submitted a bid for bankrupt lender Voyager Digital but lost out to FTX.US in September. The exchange intends to submit a fresh bid in the wake of FTX filing for Chapter 11 bankruptcy protection.

Voyager filed for bankruptcy protection in July due to its over $650 million exposure to the collapsed crypto hedge fund Three Arrows Capital (3AC).

(by Kari McMahon)