Because the crypto markets proceed to development downward, the world’s second-largest crypto trade, FTX, stays undeterred.
“Our priorities haven’t modified,” Mark Wetjen, head of coverage and regulatory technique at FTX, advised Nob6. “Markets will do what they do, however the actuality is that the digital asset market and digital asset ecosystem, we imagine, is right here to remain.”
If something, the trade, final valued at $32 billion, has the potential to turn out to be one thing of a savior for various struggling crypto firms. At least, it’s been within the information typically sufficient to offer that idea some credence.
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For one, FTX has reportedly gathered over $2 billion for acquisitions and stakes in different firms. The corporate has additionally launched a $2 billion enterprise capital fund earlier this yr to again groups constructing in web3.
“One of many challenges of working within the area is the relative lack of readability.” Mark Wetjen, head of coverage, FTX