Crypto: FTX boss announces stablecoin

In the midst of a bear market, Sam Bankman, the CEO of the American exchange FTX expressed his confidence in the future of the crypto ecosystem. The young boss announced a stablecoin with FTX sauce. A way of preparing for the future and building the ecosystem of tomorrow.

Long-term confidence despite the bear market

According to FTX boss, the bear market has no real impact on the business of exchanges. On the contrary, it allows them to prepare the sequel more calmly and testing new tools for customers. Even if the young leader admits to having no certainty for the next few months, he nevertheless reaffirms his confidence in the crypto marketin the long term, in an interview with The Big Whale:

“Every day we continue to develop the company, create services and new tools for customers. »

FTX acquired Voyager following its bankruptcy.

FTX has the ambition to become a leader

The CEO specifies that the acquisition of Travel and of BlockFi fits into this strategy of conquest. He hopes to grab someimportant market shares. He also spoke out against persistent rumors about robinhood (a very popular trading app for young people). Will FTX buy the company? It is not excluded, although nothing is confirmed.

Sam Bankman-Fried does not hide his ambition for the future. If his name means nothing to you, that could quickly change. FTX grows a little more each year, and comes to titillate platforms like Coinbase or even Binancein claiming his share of the pie.

“We could buy a company like Robinhood, but that’s not what we’re looking at right now. Our challenge is to continue to grow with organic growth. »

Sam Bankman builds his stablecoin

Later in the interview, Sam Bankman-Fried announced that FTX is working on its own stablecoin. In the manner of Binance with his BUSD, the CEO also wants to build his stable cryptocurrency. By developing this new product, the young boss wants to move on to top speed in the conquest of this still nascent market. Will FTX be the killer app cryptos? Everything remains to be built. But ambition and American platform penetration force could well reshuffle the cards.

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