E Amazings – Money management
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

What Closing Costs Do Home Buyers Have?

February 25, 2023

What Is Realtek HD Audio Manager

February 2, 2023

A Basic Guide To Cell Tower Leasing

February 2, 2023
Facebook Twitter Instagram
E Amazings – Money management
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?
Facebook Twitter Instagram
E Amazings – Money management
You are at:Home»Crypto»This Crypto Winter is Much Similar to Previous Ones
Crypto

This Crypto Winter is Much Similar to Previous Ones

By June 24, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email

[ad_1]

Brett Harrison – the President of cryptocurrency exchange FTX US – agreed that the current condition of the cryptocurrency market is not particularly satisfying. However, he believes the bear market has similarities to past ones, and in the future, the industry will overcome its issues.

Flowing Capital Will Boost the Crypto Sector

Prompted by several macroeconomic factors, the digital asset market declined significantly in recent weeks. For one, bitcoin’s price plunged under $18,000 last weekend – a level unseen in the last 18 months.

The President of FTX US – Brett Harrison, though, does not sound too worried about the negative trend. In a recent interview for CNBC, he argued that people have short-term memory since bear markets have happened before, and bitcoin has always managed to prevail.

The American further opined that the current “crypto winter” is much similar to those years ago, including the one in 2018.

Harrison thinks that a propeller for a new bull market will be the venture capital firms that have started deploying colossal sums into the industry:

“We still have an enormous amount of venture capital flowing into crypto, which we think will bolster the ecosystem as these companies come out with new products and new services, and that will eventually bring the crypto world back.”

Subsequently, Harrison highlighted bitcoin’s nature and the fact that central banks and governments do not control it. It has emerged as a store of value that can be “safely and instantly” transferred anywhere around the globe, he outlined.

Brett Harrison
Brett Harrison, Source: Forbes

The Ambitions of FTX US

Last month, Harrison said his cryptocurrency platform will seek approval from the Commodity Futures Trading Commission (CFTC) for offering BTC and ETH futures options to US clients. According to the exec, the initiative could improve the company’s potential profits:

“For most clearinghouses today, margin is done once per day, five days per week. We’re proposing to do this real-time, every 30 seconds, 24/7, and that is a novel aspect of our application.”

Harrison described the CFTC as a “principle-based” watchdog aware of digital assets. He revealed that the conversations between the two parties have been positive so far, raising hopes about the successful outcome of the endeavor.

Prior to that, FTX US launched a new stock-trading service for a limited number of users in the States. At a later stage, the firm plans to offer the opportunity to all American customers.

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

[ad_2]

Source link

Related Posts

Report With an Eye on Mutual Settlements with China, Russia To Launch CBDC Early Next Year: Report

By September 28, 2022

China Cracks Down a $5.6 Billion Crypto Money-Laundering Scheme (Report)

By September 28, 2022

Binance Launches Training Program For Law Enforcement Agencies

By September 28, 2022

FTX US President Brett Harrison Steps Down

By September 27, 2022
Add A Comment

Comments are closed.

Our Picks

What Closing Costs Do Home Buyers Have?

By Corbin BowenFebruary 25, 2023

What Is Realtek HD Audio Manager

By Corbin BowenFebruary 2, 2023

A Basic Guide To Cell Tower Leasing

By Corbin BowenFebruary 2, 2023
Recent Posts
  • What Closing Costs Do Home Buyers Have? February 25, 2023
  • What Is Realtek HD Audio Manager February 2, 2023
  • A Basic Guide To Cell Tower Leasing February 2, 2023
  • Air Duct Repair 101: Everything You Need To Know February 2, 2023
  • Advantage LIC? How Budget Insurance Amendment Bill may benefit the PSU insurance giant January 5, 2023
  • The Flight Of The Dremel January 5, 2023
  • LIC offering multiple benefits on premium payment with co-branded credit cards with Axis Bank: Check features, offer January 5, 2023
Archives
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • September 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
Facebook Twitter Instagram Pinterest TikTok
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.