FTX US President Brett Harrison stepping down FTX US President Brett Harrison stepping down
Harrison said he is moving into an advisory role while transferring his duties over the next few month.
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Updated: Sep. 27, 2022 at 5:19 pm UTC
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FTX US president Brett Harrison announced Sept. 27 that he is stepping down from his role and moving into an advisory role at the United States-based crypto exchange.
1/ An announcement: Iโm stepping down as President of @FTX_Official. Over the next few months Iโll be transferring my responsibilities and moving into an advisory role at the company.
— Brett Harrison (@Brett_FTX) September 27, 2022
Harrison expressed gratitude for his time at the exchange, describing it as the “most cherished” of his career.
He revealed that he would continue to operate in the crypto space. His next goal is “removing technological barriers to full participation in and maturation of global crypto markets, both centralized and decentralized.”
Harrison said:
“This industry is at a number of crossroads. The one that matters most to me, as a financial technologist, is the intersection of the arrival of larger market participants, and the increasing fragmentation and technological complexity of the marketโs landscape. The technological frictions that will occur at that intersection, and how effectively theyโre reduced, will be a critical factor in determining the future growth and stability of crypto markets: their liquidity, their capitalization, their resilience, their utility.”
Under Harrison, FTX US grew to become one of the top three crypto exchanges in the U.S. by trading volume. He also played a part in the firm’s acquisition of derivatives exchange LedgerX.
FTX US valuation also shot to $8 billion under Harrison’s watch.
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FTX US Derivatives
FTX US Derivatives is a digital currency futures and options exchange and clearinghouse regulated by the US Commodity Futures Trading Commission (CFTC).
FTX
FTX is a defunct cryptocurrency exchange, currently in bankruptcy proceedings, that was founded by Sam Bankman-Fried and Zixiao “Gary” Wang in May 2019.
Brett Harrison is the former President of FTX US, a US-regulated cryptocurrency exchange.