like encryption Markets continue to trend downward, and FTX, the world’s second largest cryptocurrency exchange, remains unchecked.
“Our priorities haven’t changed,” Mark Wittgen, FTX’s head of regulatory policy and strategy, told TechCrunch. “Markets will do what they do, but the reality is that the digital asset market and the digital asset ecosystem, we believe, are here to stay.”
If anything, the exchange, which was recently valued at $32 billion, has the potential to become a savior for a number of struggling crypto firms. At least, it’s been in the news often enough to give this theory some credence.
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For example, FTX owns It said It has raised more than $2 billion for acquisitions and stakes in other companies. The company also launched a $2 billion venture capital fund earlier this year to support team building at web3.
“One of the challenges of working in space is the relative lack of clarity.” Mark Wittgen, Head of Policy, FTX