FTX US President Brett Harrison stepping down

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: I’m stepping down as President of @FTX_Official. Over the next few months I’ll 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 market’s landscape. The technological frictions that will occur at that intersection, and how effectively they’re 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.

Journalist at CryptoSlate

Oluwapelumi is a believer in the transformative power Bitcoin and the blockchain industry holds.