CEO of cryptocurrency exchange FTX Sam Bankman-Fried, the stock market stablecoinHe claimed he was trying to get it out.
FTX continues to evolve to increase its dominance in the crypto market. The popular stock market, in particular, Voyager Digital‘I 1.4 billion Will buy for a dollar. With its strong investments, FTX competes with another major exchange, Binance. Despite the crypto bear market, the stock market’s investments are on the rise. The company also launched a crypto lending platform. BlockFito 240 millionBought for dollars.
FTX Targets Leadership in Industry Domination Competition
The bear market in cryptocurrencies, the regulatory efforts of countries and bankruptcy events occupy the agenda. In particular, there has been an increase in the number of those who claim that crypto money exchanges monopolize the sector. In light of all these developments, Binancewith FTXcompetition is also intensifying.
Popular crypto exchange FTX is working hard to create stablecoins. The CEO of the company, Sam Bankman-Fried, stated in an interview that they want to issue a stablecoin.
USDT, the largest company in the stablecoin market, $68 billion had a market value. Despite regulations and laws, the increasing number of users on the stablecoins side has also attracted the FTX side.
