FTX coverage exec says its ‘priorities haven’t modified’ amid market insanity – TechCrunch


Because the crypto markets proceed to development downward, the world’s second-largest crypto change, FTX, stays undeterred.

“Our priorities haven’t modified,” Mark Wetjen, head of coverage and regulatory technique at FTX, advised TechCrunch. “Markets will do what they do, however the actuality is that the digital asset market and digital asset ecosystem, we imagine, is right here to remain.”

If something, the change, final valued at $32 billion, has the potential to grow to be one thing of a savior for quite a few struggling crypto corporations. As a minimum, it’s been within the information usually sufficient to offer that concept some credence.

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For one, FTX has reportedly gathered over $2 billion for acquisitions and stakes in different corporations. The corporate has additionally launched a $2 billion enterprise capital fund earlier this 12 months to again groups constructing in web3.

“One of many challenges of working within the area is the relative lack of readability.” Mark Wetjen, head of coverage, FTX

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