FTX US president Brett Harrison introduced Sept. 27 that he’s stepping down from his function and shifting into an advisory function on the United States-based crypto change.
1/ An announcement: I’m stepping down as President of @FTX_Official. Over the following few months I’ll be transferring my duties and shifting into an advisory function on the firm.
— Brett Harrison (@Brett_FTX) September 27, 2022
Harrison expressed gratitude for his time on the change, describing it because the “most cherished” of his profession.
He revealed that he would proceed to function within the crypto area. His subsequent purpose is “eradicating technological limitations to full participation in and maturation of worldwide crypto markets, each centralized and decentralized.”
Harrison stated:
“This business is at quite a few crossroads. The one which issues most to me, as a monetary technologist, is the intersection of the arrival of bigger market individuals, and the growing fragmentation and technological complexity of the market’s panorama. The technological frictions that may happen at that intersection, and the way successfully they’re diminished, shall be a important think about figuring out the long run progress and stability of crypto markets: their liquidity, their capitalization, their resilience, their utility.”
Below Harrison, FTX US grew to develop into one of many high three crypto exchanges within the U.S. by buying and selling quantity. He additionally performed an element within the agency’s acquisition of derivatives change LedgerX.
FTX US valuation additionally shot to $8 billion underneath Harrison’s watch.
