The Senior Executive of This Cryptocurrency Exchange Announced His Resignation: What’s the Developments?

Cryptocurrency Brett Harrison, chairman of FTX.US, the US arm of the stock exchange FTX, announced that he will be leaving his post.

Brett Harrison, Head of Cryptocurrency Exchange FTX.US, Announces Resignation

Harrison tweeted on Tuesday:

“I am stepping down as president of @FTX_Official. Over the next few months I will be handing over my responsibilities and moving into a consulting role at the company.”

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 (@BrettHarrison88) September 27, 2022

Harrison, who joined FTX.US as president in May 2021, managed the company’s growth while gaining unicorn company status and opened to trading in equities and non-fungible tokens outside of crypto. The company is currently aiming to launch a new crypto derivatives product.

FTX, a giant in the international crypto derivatives trade and reportedly valuing over $32 billion valuation, launched FTX.US in May 2020.

Harrison’s next moves are currently unclear. The former president used the following statements in his message:

“I can’t wait to share more about what I’m going to do next. Until then, I will assist Sam and his team through this transition to ensure FTX finishes the year with all its characteristic momentum.”

Still, the news is remarkable given his publicly visible role in the company founded by cryptocurrency entrepreneur Sam Bankman-Fried.

Harrison until last week bitcoin and financial press, and represented the firm at conferences including Anthony Scaramucci’s SALT.

In August, FTX.US brokered more than $6.6 billion in cryptocurrencies, compared to around $2 billion in June 2021, a far cry from major competitors like Coinbase and Kraken.

*Not investment advice.