Cryptocurrency trading behemoth, FTX Derivative Exchange may soon launch its own stablecoin as confirmed by its founder and CEO, Sam Bankman-Fried.
Speaking in an interview with Web3 news media, The Big Whale, Bankman-Fried discussed a number of the industry’s perceptions with respect to the exchange’s position atop the ongoing crypto winter.
As against the popular belief that FTX is the biggest winner in the industry based on its success in snapping up Voyager Digital and BlockFi, both crypto lenders that got riled up as prices of assets tumbled, Bankman-Fried reiterated that its role, irrespective of the perception is to help maintain industry balance which will, in turn, benefit everyone.
Acknowledging that this current crypto winter is the “first real Bear Market we’ve been through,” the FTX boss acknowledged that the market downtime is not affecting its business as such as it is always innovating.
“One of…
