Enlarge Crypto Adoption, FTX US Recruits Former Citadel Securities Executive

FTX was previously known to have hired former HSBC foreign exchange sales executive Jonathan Cheesman to be a traditional financial intermediary and crypto user. This recruitment is a step from FTX to prepare to serve traditional financial institutions. After this recruitment, it seems that FTX is increasingly aggressive in recruiting experts in the financial world to support FTX to become bigger and encourage massive crypto adoption.

Recently FTX US It is also rumored to have recruited former Citadel Securities executive Brett Harrison as its first president. This is done to help FTX US become bigger and increase crypto adoption massively.

“Harrison will be responsible for helping FTX US massively.” FTX.US CEO Sam Bankman-Fried said in a statement Thursday.

Harrison’s expertise is in developing trading technologies. In his most recent role at Citadel Securities, Harrison is head of semi-systematic technology, where he oversees a team of more than 100 engineers. Bankman-Fried highlights Harrison’s technical skills, along with his business acumen. Harrison da SBF is known to have worked at the same company, namely Jane Street trading for three years.

Developing FTX.US “to become the most trusted cryptocurrency trading platform and exchange on the US market” will be Harrison’s primary goal in the new role, the exchange operator said.

FTX.US only launched in May 2022, but trading is still not as busy as FTX central. In the past 24 hours, FTX.US handled only $185 million in volume, according to CoinGecko, compared to the nearly $2 billion trading volume facilitated by major exchanges.

Crypto exchanges Binance and Binance.US are also in a similar situation because they hired Brian Brooks, former head of the Office of Currency Supervisor and Coinbase’s head of compliance, as its CEO. This move by Binance and FTX US appears to be against leading US crypto exchanges such as Coinbase and Kraken which are much more popular. By recruiting important figures in the industry, it is hoped that FTX US can operate better and enlarge the services they have.

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