The president of crypto exchange FTX’s US arm says buzzing new activity in the industry is hinting that crypto spring is nigh. In a new interview with Bloomberg Technology, FTX.US president Brett Harrison was asked what he thought of the recent deal between Coinbase and BlackRock. “It does seem to me that winter is starting to thaw… […]
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Popular cryptocurrency exchange FTX is expanding into the arena of traditional investing for retail customers in the United States. In a new post, FTX US president Brett Harrison informs his 50,900 Twitter followers about the platform’s new feature which allows users in all 50 US states plus Puerto Rico and the Virgin Islands to buy […]
The post Crypto Exchange FTX Rolls Out Stock Trading to US Customers appeared first on The Daily Hodl.
The CEO of crypto exchange FTX US is weighing in on which policy moves and infrastructure changes could help the crypto markets rebound. In a new thread, Brett Harrison explains how both regulatory clarity and improved trading options might provide the kind of backbone necessary to renew people’s faith in crypto investing. “Some things that […]
The post FTX US Chief Brett Harrison Names Three Things That Could Spark Crypto Market Recovery appeared first on The Daily Hodl.
FTX US announced on Thursday that the firm has launched an equities trading platform called FTX Stocks which will give U.S.-based customers the ability to purchase stocks and exchange-traded funds (ETFs). The launch is currently in a private beta phase for select U.S. customers and equities can be purchased with fiat-backed stablecoins. FTX US Launches […]
FTX.US president Brett Harrison says the expansion of trading products will be crucial for the development of crypto asset markets. In a lengthy Twitter thread, FTX.US chief Brett Harrison says US crypto markets lack specific features that allow investors to diversify their risk and hedge their portfolios. “If one of the main purposes of a financial […]
The post FTX US Chief Brett Harrison Says New Trading Features Are Critical for the Advancement of Crypto Markets appeared first on The Daily Hodl.
Crypto exchange FTX.US president Brett Harrison is predicting that many of today’s blockchains will be discarded by the market in the future. In a new interview with the Thinking Crypto YouTube channel, Harrison says he expects significant consolidation now that the space has ballooned to hundreds of unique blockchains. Here’s a couple off-the-cuff predictions that […]
The post FTX.US Chief Brett Harrison Makes Five-Year Predictions for Ethereum (ETH), Solana (SOL) and Avalanche (AVAX) appeared first on The Daily Hodl.
On January 26, the crypto asset exchange FTX US revealed it raised $400 million in a Series A financing round stemming from investors like Softbank, Paradigm, and Multicoin Capital. The Series A investment in FTX US brings the U.S.-based trading platform’s post valuation to $8 billion. FTX US Reveals $400 Million Capital Raise, Firm Aims […]
The Orlando, Florida-based Stratos Jet Charters Inc. has announced the company has partnered with FTX US and the collaboration will make it so Stratos Jet customers can pay for services with crypto payments via FTX Pay. The CEO of Stratos Jet says the company has been in search of a crypto partner and noted that […]
After launching its NFT marketplace last month, FTX.US has expanded support to the Solana Blockchain and plans to integrate Ethereum tokens soon too.
FTX.US’s NFT marketplace has expanded support to the Solana blockchain, enabling users to trade, deposit and withdraw nonfungibles that conform to the Metaplex token standard.
The U.S. registered branch of FTX announced the expanded functionality on Oct. 11, revealing the marketplace also plans to support Ethereum-based tokens in the near future. The marketplace is open to both U.S. and non-U.S. customers from a long list of jurisdictions, however New York residents are unable to sign up for the platform.
Brett Harrison, the president of FTX.US, said that the firm is looking to provide “simpler, safer and easier tools” for mainstream users to trade NFTs via its marketplace, adding:
"The NFT ecosystem has started to infiltrate pop culture, but has been lacking a platform that provides easy access and exposure to the mainstream audience."
In addition to supporting crypto assets, users can purchase or bid on NFTs via bank transfers, wire transfers and credit card transactions. The pricing for newly minted NFTs on the marketplace are listed in USD, Solana (SOL), or Ether (ETH).
FTX charges a 2% fee on all NFT sales, and does not charge a listing fee.
Both FTX and the company’s U.S. subsidiary initially launched NFT marketplaces with limited functionality last month. Users could only create or trade NFTs minted using an interface reminiscent of Microsoft Paint, leading to a flood of hastily cobbled together sketches depicting cartoon fish being uploaded to the platform.
On Oct. 12, Harrison tweeted that the marketplace’s expanded functionality is only available on its U.S-based platform at this stage. Users must provide Identity documents and proof of residence to the exchange in order to deposit and withdraw from FTX’s NFT platform.
The platform also outlines that any NFT project of collection that “distributes or advertises the distribution of royalties” to NFT holders will be rejected, suggesting FTX.US is wary of regulators classifying its NFTs as investment products.
Related: Twitter and TikTok embrace NFTs: mainstream adoption incoming?
NFTs are seeing increasingly mainstream adoption, with the Texas Democratic Party launching a partnership with marketplace Front Row to raise funds for progressive political candidates and causes through the sale of non-fungibel tokens on Oct. 11.
“NFTs will become a powerful addition to any political fundraising effort, and the launch of our marketplace will give Democrats across the country a fundraising advantage that its counterparts do not have,” said Front Row co-founder, Parker Butterworth.
On Monday, FTX US announced the launch of its marketplace for non-fungible token (NFT) assets. FTX explained that the marketplace will feature Solana-based NFTs but support for Ethereum-based NFTs is coming in the near future. FTX US Reveals New Solana NFT Market, Plans to Support Ethereum in the Near Future West Realm Shires Services Inc., […]
