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- Sam Bankman-Fried founded Crypto exchange in 2017
- Fastest growing cryptocurrency exchange
- A no go area for Americans
Angered by the cavalier attitude of existing cryptocurrency exchanges, Sam Bankman-Fried founded FTX in 2017. According to WSJ.com, today the exchange processes $10.7 billion in trades a day. He is stretching the limits into tokenized stocks and other markets.
Hottest growing cryptocurrency exchanges FTX
Want to trade with Israeli social trading and multi-asset brokerage company, eToro, or do you want to deal in Robinhood Markets Inc. stock?
All these and much are available on the hottest growing cryptocurrency exchanges, FTX. The brainchild of a 29-year-old vegan Sam Bankman-Fried is a person who would sleep on a beanbag chair but at the same time shell out $5 million to a group that backed US President Joe Biden’s campaign. However, Americans cannot trade with this Hong Kong-based exchange, and FTX was always at loggerheads with the US Regulators.
The American Airlines Arena will be FTX Arena
FTX was again in the news in recent times when it 19-year deal to buy naming rights to the home of the Miami Heat. FTX had to give $135 million, and now the American Airlines Arena will be FTX Arena starting with the 2021-22 NBA season.
Sam Bankman-Fried has $ 2.5 billion of assets, and he manages it through Alameda Research. He had set up this cryptocurrency trading firm in 2017. Sam is a former MIT pass out and also worked as a Wall Street ETF trader. A large portion of his fortune is in the form of FTX’s equity and tokens.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
