Former FTX US Chief Raises $35 Million for New Exchange: Report

Former FTX US Chief Raises $35 Million for New Exchange: Report

Former FTX US president Brett Harrison raised $35 million to launch a new offshore exchange offering crypto-style perpetuals on traditional assets.

Former President of FTX US Wants to Bring Crypto-Style Perpetuals to Wall Street More Stories ETHNews

Brett Harrison, the former president of FTX US, has secured $35 million in fresh funding for his new fintech venture, Architect Financial Technologies, valuing the company at roughly $187 million. The startup is building a regulated derivatives exchange called AX, designed to introduce crypto-style perpetual futures to traditional financial markets. The raise marks one of the more notable post-FTX ventures led by a former executive, and it signa…

Former FTX President Raises $35M To Launch Derivatives

Former FTX US president Brett Harrison raises $35M for a new derivatives platform. Architect gains Bermuda approval to offer perpetual futures on traditional assets. Crypto derivatives dominate trading volumes, heightening liquidity and volatility risks. Brett Harrison, a former president of the closed FTX US exchange, has secured $35 million to build a new derivatives enterprise. The financing is a pointer of fresh investor confidence in crypto…