While the cryptosphere has not yet recovered from the bankruptcy of FTX, we learn that the former head of the American subsidiary of the exchange has another business project. Brett Harrison would have already contacted at least one venture capitalist to carry out his project. Here is what it is.
Launch a Cryptocurrency Trading Software Startup
Brett Harrison left FTX US about five weeks before the major problems that led to the exchange’s bankruptcy began. When he was still running the US subsidiary of FTX, he was among the brightest figures in the crypto society. That said, sources have recently reported that Harrison is taking steps to find the necessary funding for the development of a crypto project.
Indeed, the former CEO of FTX US try to raise funds for the launch of a new crypto startup. Harrison is considering starting a company focused on developing cryptocurrency trading software.
The startup will offer its products and services to professional investors. It aims to make crypto trading easier on CEX and DEX, for large investors. Also, Brett Harrison has reportedly already contacted at least one venture capital firm to raise funds.
Harrison wants to fix crypto issues
Last October, a month after leaving FTX US, Brett Harrison made several tweets relevant. Through these, he highlighted the challenges the crypto industry (including DeFi) faces. He also talked about key points he can work on to help solve crypto-related issues.
Brett Harrison said:There are plenty of companies, founders, builders, and investors currently working (some in stealth mode) to make DeFi infrastructure and applications easier, simpler, and more useful. “.
He emphasized that he is “proud to join the group of founders and developers who are building technology to make DeFi more accessible and more widely applicable“.
To launch his startup, Brett Harrison reportedly sought to raise $6 million from at least one venture capitalist. Moreover, it seems that the former president of FTX US wants to propose a particular type of order, which is widely used in the equity markets. According to him, this type of order could promote better risk management in volatile markets.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
