as the crypto As markets continue to fall, the world’s second largest crypto exchange, FTX, remains undaunted.
“Our priorities have not changed,” Mark Wetjen, chief of policy and regulatory strategy at FTX, told australiabusinessblog.com. “Markets will do what they do, but the reality is that the digital asset market and digital asset ecosystem, we believe, is here to stay.”
If anything, the exchange, which was last valued at $32 billion, has the potential to become something of a savior for some struggling crypto firms. In any case, it’s been in the news often enough to give that theory some credibility.
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First, FTX has: Reportedly collected more than $2 billion for acquisitions and interests in other companies. The company also launched a $2 billion venture capital fund earlier this year to support teams building in web3.
“One of the challenges of operating in space is the relative lack of clarity.” Mark Wetjen, head of policy FTX