The rise of Sam Bankman-Fried and his enormously successful cryptocurrency derivatives exchange, FTX, have left many wondering what is next for both the of the executives and the investors of the venture.
FTX has accomplished a great deal over the past few years, including gaining a spot alongside established rivals such as Binance and Coinbase. Sam Bankman–Fried himself has become a powerful leader in the crypto space, building impressive networks and relationships along the way.
Going forward, Bankman–Fried and FTX have big ambitions. FTX plans to expand to new markets and offer a host of additional products and services to its users. Additionally, a lot of exciting features such as 25x leverage, auto-liquidating positions and kickback programs will soon be available to users.
Also, Bankman–Fried and FTX recently entered talks to potentially acquire a major banking institution. Though the details of the deal have not yet emerged, an acquisition would represent a milestone for FTX and the crypto industry as a whole.
In addition to looking to expand FTX, Bankman–Fried has also been diligently working on his charitable foundation and more recently his political maneuverings as well. He has recently made appearances on major news outlets, such as Fox Business and Bloomberg, to speak on crypto and the democratization of finance.
For the investors in FTX, the immediate next step seems to be the further establishment of the exchange as a mainstream venue and the further legitimization of digital assets as a whole. The investors will be monitoring Bankman–Fried’s further political forays and any possible acquisitions of traditional financial institutions.
Given the ambitions and the potential of Sam Bankman–Fried and FTX, it is clear that there are many exciting things in store for both the executives and investors. Bankman–Fried and FTX have only scratched the surface of what they are capable of, and the future looks incredibly bright.