FTX, a US-regulated cryptocurrency exchange, built from the ground up with a mission to grow the digital currency ecosystem, offer the US and international traders a platform that inspires their loyalty and become the market-leading US regulated cryptocurrency exchange by volume within the next two years has just launched a new platform, FTX Access (One which combines the expertise behind FTX.COM and FTX US to provide institutional clients with frictionless access to digital asset products and markets globally) which will be set to bring institutional-grade products & services to the marketplace. The announcement about the launch was made by West Realm Shires Services Inc. and FTX Trading Limited, the companies behind FTX US and FTX.COM respectively (collectively referred to as “FTX”).
The FTX Exchange is also a leading centralized cryptocurrency exchange that specializes in derivatives and leveraged products. The company offers a wide range of trading products, including derivatives, options, volatility products, and leveraged tokens. FTX provides spot markets in over 100 cryptocurrency trading pairs such as BTC/USDT, ETH/USDT, XRP/USDT, and its native token FTT/USDT.
Former Coinbase Global Head of Derivatives to run US FTX Access
To lead the new platform, the former global head of derivatives at Coinbase, the largest cryptocurrency exchange in the US, Gustavo Miguel, has been appointed as the US head of FTX Access. Miguel was also a founding member of Coinbase Risk Strategies. Before Coinbase, Miguel ran global trading at Passport Capital, a thematic investment firm. Miguel started his career in Morgan Stanley Institutional Equities where he managed a proprietary portfolio, specializing in derivatives.
The former global head of derivatives at Coinbase will be joined by Jon Cheesman, global head of FTX Access, who has been responsible for growing FTX over the counter (OTC) client services. According to Cheesman, At FTX, the goal it seeks to attain is to enhance and expand its offerings to meet client demand, of which FTX Access will serve as the latest stage for that process.
The Role of FTX Access
While the new platform launches, one key role it will play will be to offer advisory services, index products, trade execution, analytical tools, and capital introductions for institutional investors interested in gaining exposure to digital assets. Going further, FTX Access will also explore offering custody, derivatives, structured products, and other asset management products.
Remarks by CEO of FTXAccording to Sam Bankman-Fried, CEO of FTX, “The role crypto plays in the global financial landscape continues to expand, and with that comes an influx of institutions looking to add crypto to their balance sheets. To make the transition into the digital asset ecosystem seamless for these institutions, we have launched FTX Access to provide these companies with familiar services. Our goal is to provide services that make it easier for traders at all levels to invest in cryptocurrencies, while also meeting compliance and regulatory standards found in traditional finance. We believe institutional interest in digital assets is accelerating so this is a great time to make it a top priority for FTX.”