Brett Harrison will step down as FTX US president, move into advisory role

Brett Harrison will step down as FTX US president, move into advisory role

The soon-to-be former president said he would continue to assist CEO and founder Sam Bankman-Fried "to ensure FTX ends the year with all its characteristic momentum.” The president of cryptocurrency exchange FTX US, Brett Harrison, has announced he will be transitioning into an advisory role in the next few months.In a Sept. 27 announcement on Twitter, Harrison said he will be resigning his position as FTX US president but will remain with the exchange “with the goal of removing technological barriers to full participation in and maturation of global crypto markets, both centralized and....


Related News

FTX President Joins Crypto Executives Stepping Down From Their Position

Crypto exchange FTX President for its U.S. subsidiary Brett Harrison announced his resignation from his position. Via his official Twitter account, Harrison confirmed that he will be “transferring” his responsibilities and taking on the role of advisor for the U.S. crypto exchange platform. Related Reading: FTX Wins Bid To Acquire Crypto Assets Of Bankrupt Voyager […]

Bitcoin Dominance Will Continue To Decline In Favor Of Ethereum, Altcoins, FT...

Bitcoin has maintained dominance over altcoins like Ethereum and others for the longest time. This dominance, although has declined over time, still helps the digital asset maintain its title as the most valuable cryptocurrency in the space. However, in only a matter of years, bitcoin’s dominance on the market has declined by half, and according to FTX US President Brett Harrison, the encroachment is far from over. Bitcoin To Lose More Market Share To Altcoins In a recent interview on CNBC’s Squawk Box, FTX.US president Brett Harrison shares his thoughts around the market, most notably the....

Robinhood hits new low as FTX US and Bitstamp USA move into stocks

As crypto trading cools down, the ability to trade stock on FTX US might be only months away, according to a tweet from the exchange’s president. Bitstamp USA has also signaled it's looking at stocks. Crypto exchanges FTX US and Bitstamp USA are working on offering stock trading, which would be a further blow to Robinhood as its share price slumps to new lows. FTX US President Brett Harrison tweeted on Tuesday that the crypto exchange is “hard at work on stocks,” commenting that a launch would be coming in “a couple months.” We’re hard at work on stocks! Features we’re planning for day 1:....

Regulators have a weak case against FTX on deposit insurance

FTX made an error in messaging when it suggested depositors were insured, but federal regulators will have a hard time proving the exchange did so with sinister motives. In a cease-and-desist letter to fast-growing crypto exchange FTX, the Federal Deposit Insurance Corporation (FDIC) shed light on a now-deleted tweet from the exchange’s president, Brett Harrison, and issued a stark warning over the company’s messaging.Harrison’s original tweet said, “Direct deposits from employers to FTX US are stored in individually FDIC-insured bank accounts in the users’ names.” He added, “Stocks are....

How Crypto Could Take the U.S. Marijuana Business to the Next Level

The President of leading crypto exchange FTX, for its U.S. branch, Brett Harrison hinted at a partnership with Cresco Labs. A Chicago-based company, Cresco Labs distributes, cultivates, and offers cannabis-based products. Related Reading | Why Centre Will Work With FTX And Alkemi On Project Verite  The company aims to “normalize, professionalize, and revolutionize cannabis”, according to […]