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[Daltonik]

FTX CEO Sam Bankman-Fried told bloomberg that the FTX exchange has received a license in Dubai and plans to open a headquarters in the emirate and will also offer complex derivatives with centralized clearing for the institutional market.

Source: https://www.bloomberg.com/news/articles/2022-03-14/crypto-exchange-ftx-wins-license-and-plans-regional-hq-in-dubai
or you can read from the archive: https://archive.fo/wApH1

[1714108152]

1714108152

[Xal0lex]

FTX has decided to master the crypto markets of Europe and is already aiming for the spot crypto market of England.

FTX’s European head plots ‘cautious’ expansion into UK market

This move is quite understandable. FTX continues to expand in the crypto industry, but the choice of the spot direction was chosen due to restrictions by the UK government on access to derivative instruments for retail investors.

I think the opening of new European divisions by the FTX exchange will also appear with enviable regularity.

[Daltonik]

FTX, together with CoinShares, announced the planned inclusion in the main German market of Xetra (a division of Deutsche Börse) in the listing of Solana ETP (ticker SLNC) with physical bets with an initial capital of $1 million, with a fixed staking fee of 3% p.a., while the management fee will be 0% p.a.

CoinShares and FTX announce partnership with the launch of CoinShares FTX physical staked Solana ETP

[Daltonik]

FTX US has reached a strategic agreement to invest in IEX Group, as reported by the partner, this creates a market structure for the purchase, sale and trading of digital asset securities. The deal between IEX and FTX US is scheduled to close in May 2022 if it is approved by the regulator.

Source: https://twitter.com/IEX/status/1511338901167824905

[bbc.reporter]

It appears that FTX might become the most dominant major player in the American crypto market hehehe. Sam Bankman Fried and also his VC and market making team at Alameda Research are presently beginning to conquer everything. There was an article that Alameda market makers are the largest borrowers of USDT, rumored to control more than 33% of USDT issued.

In any case, has anyone tried using FTX.us before? How good is it if compared with Coinbase or Binance.us?



Sam Bankman-Fried, the founder and CEO of crypto exchange FTX, met Goldman Sachs (GS) CEO David Solomon in the Caribbean to discuss potential collaborations between the two firms, the Financial Times reported Thursday.

The two chief executives discussed Goldman Sachs advising FTX, which was valued at $32 billion in January, on future funding rounds and taking a role in a potential initial public offering (IPO), according to the report, which cited people familiar with the matter.

Source https://www.coindesk.com/business/2022/04/21/goldman-sachs-eyes-collaboration-with-crypto-exchange-ftx-as-ceos-meet-report/

[Daltonik]

FTX Exchange FZE, a subsidiary of FTX, became the first company to receive a permanent MVP license from the Dubai Virtual Assets Regulatory Authority (VARA) for the provision of digital currency exchange services, as well as the license makes it possible to provide custodial services, manage the NFT marketplace and perform the function of a clearing house.

Source: https://www.reuters.com/business/finance/ftx-wins-full-approval-operate-crypto-exchange-dubai-2022-07-29/

[bbc.reporter]

I speculate FTX might surpass Binance and become the biggest cryptocoin exchange and derivatives platform in the world on 2024. Also, with Sam Bankman Fried's political connections, FTX.us might use regulations to also surpass Coinbase in America.

In any case, if you are looking for altcoins to speculaton on for the next bull market, follow FTX and Alameda Research. They support Stargate Finance and the new project called Aptos which is speculated to be a Solana replacement hehehe.



Crypto exchange FTX has disclosed that its revenue skyrocketed to more than 1000% last year courtesy of the bull market that saw Bitcoin soaring to a record peak of $69,000, and pushing the company’s revenue from just under $90 million in 2020 to balloon to over $1 billion the following year.

Sam Bankman-Fried, FTX CEO, has confirmed a CNBC story that the company’s income grew by 1,000% as a result of a rising crypto market and a slew of acquisitions. The gain was attributed to the company’s global trading operation.

According to forecasts, FTX might make up to $1.1 billion this year. Documents also revealed that at the end of 2021, the company held nearly $2.5 billion in cash and had profit margins of 27%.

Source https://bitcoinist.com/crypto-exchange-ftx-revenue-up-1000/

[bbc.reporter]

This might be the weirdest partnership in the cryptospace hehe. What is FTX's plan in their partnership with a chain of video game and electronics retail company? FTX might be speculating on play to earn and NFTs next after organizing themselves as one of the largest cryptocoin and derivatives exchange. I am also quite certain this will not only be about FTX giftcards.



Video game firm GameStop (GME) is partnering with Sam Bankman-Fried’s crypto exchange FTX.US to promote interaction between the gaming and crypto community.

The deal unites GameStop, one of the key players in the meme-stock craze of a year and a half ago, with one of the leading crypto exchanges.

The two companies will promote e-commerce and marketing initiatives, while certain GameStop retail stores will carry FTX gift cards, according to a statement Wednesday. GameStop is also being given the label of FTX’s “preferred” retail partner in the U.S.

Deal terms weren’t disclosed.

Read in full https://sports.yahoo.com/gamestop-partners-crypto-exchange-ftx-203033710.html

[shahzadafzal]

I still expect FTX to take over from Binance soon.

Sorry Ratimov, yes take over did happen... but in reverse :p

[Daltonik]

I still expect FTX to take over from Binance soon.

Sorry Ratimov, yes take over did happen... but in reverse :p

There are big fears that Binance may be the next CEX, we learned after the fact that FTX Ventures and Alameda Research participated in investment rounds of 225 companies.

[Timelord2067]

Time to lock this thread perhaps?