Latitudes more favorable to cryptos? – The major players in the sector continue their reorganization during this bear market. The FTX US platform is preparing the sequel in particular by relocating from Chicago to Miami. Employees of the American division of the crypto exchange have been encouraged for the past few days to consider their future in sunnier latitudes. But not for sunbathing.
The city that made friends with the crypto industry
The subject of crypto assets is hot across the Atlantic, especially in the city of Miami, led by the mayor (pro-cryptos) Francis Suarez. Since taking office, the Republican mayor has continued to proclaim his love for this new mode of exchange.
The key is a juicy sponsorship contract for the stadium of the legendary Miami Heat basketball team. Sam Bankman-Fried had taken out the checkbook so that the name of his crypto exchange is at the top of the poster. And this, for the next nineteen years.
Suarez is also working to ensure that Bitcoin is integrated into pension plans local. The capital of Florida is also decked out with the title of American capital of Bitcoin. Other initiatives are less fortunate, with in particular the Miami Cornerwho appears to have jumped from the International Space Station without a capsule or parachute.
Either way, Miami positions itself as a city favorable to industry and entrepreneurs. SBF seems to want to seize the opportunity to concentrate its forces there.
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Hello Chicago, hello Miami
This effort is aimed at consolidating the platform’s U.S. operations into one location. promising for the industry and the growth of this sector », according to a spokesperson of the group. Announced in a tweet in September by the CEO himself, the move is taking place to capitalize on the city’s overtly crypto-oriented politics.
Paris is about to become the central point of industry in Europe. Miami has a good chance of becoming its American counterpart. If it’s not already. This also comes as an internal restructuring has taken place recently.
Former President of FTX US Brett Harrison left his post to become a consultant to the company. It was replaced by Zack Dexteralready based in Miami and former director of the derivatives trading department.
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