FTX, the digital asset exchange, has seen one of its executives step down this morning. Brett Harrison, whom was President of FTX.US, just announced on Twitter that he will be transferring his responsibilities with the firm and moving into an advisory role.
In announcing his departure, Harrison commented that he has a “dep gratitude” for his experiences over the last year and a half, which reportedly includes, “growing FTX US from three multi-tasking employees to a talented and dedicated team of over 100 across tech, business development, legal, compliance, customer service, and operations.”
His departure note also highlighted that the crypto industry is “at a number of crossroads,” of which what reportedly matters most to him is the involvement of larger market participants, as well as the fragmentation being exhibited across the industry.
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The reason for Harrison’s departure was not provided, although he indicated that he will be remaining within the industry. Reportedly, his goal in that sense is “removing technological barriers to full participation in and maturation of global crypto markets.” Further details were not provided, with him commenting that he “can’t wait to share more about what [he’s] doing next.” In the interim, he will reportedly be assisting with the transition at FTX.
Harrison joined FTX.US in May 2021, following a stint of just under two years at Citadel Securities, where he was Head of Semi-Systematic Technology.
The announcement follows the news late last night that FTX would be acquiring all the cryptocurrency as well as certain assets of Voyager Digital, whom is currently in Chapter 11 bankruptcy filings, for $1.4 billion.
Information for this briefing was found via Twitter and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
