FTX US President Brett Harrison announced on Sept. 27 that he was stepping down from his role and moving to an advisory role at the US-based cryptocurrency exchange.
1/ Announcement: I resign as president @FTX_OfficialOver the next few months, I will shift my responsibilities and move into an advisory role at the company.
— Brett Harrison (@Brett_FTX) September 27, 2022
Harrison expressed gratitude for his time on the exchange, saying it was the “most cherished” of his career.
He has revealed that he will continue his activities in the crypto space. His next goal is to “remove the technical barriers to full participation and maturity in the global crypto market, both centralized and decentralized.”
Harrison said:
“This industry is at many crossroads. As a financial technologist, the most important thing for me is the intersection of the arrival of larger market participants and the increasing fragmentation and technological complexity of the market environment. The technical frictions that arise at that intersection and how effectively they are reduced will be key factors in determining the future growth and stability of the cryptocurrency market: liquidity. It’s quality, capitalization, resilience, usefulness, etc.”
Under Harrison, FTX US has grown to become one of the top three cryptocurrency exchanges in the US by trading volume. He was also involved in the acquisition of derivatives exchange LedgerX.
Under Harrison’s watch, FTX US’s valuation also soared to $8 billion.
