Main navigation

Here's How Crypto Market Could Recover Faster, According to FTX U.S. President Brett Harrison

Advertisement
Mon, 20/06/2022 - 20:34
Here's How Crypto Market Could Recover Faster, According to FTX U.S. President Brett Harrison
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Brett Harrison, president of FTX US, believes that the cryptocurrency market can recover faster if there’s regulatory clarity, which would make traditional institutional investors more comfortable with the nascent asset class.

In addition, Harrison is convinced that robust US crypto futures and options markets have to become more robust. In such a way, it would be possible to bring down volatility while making it easier for major firms to dip their toes into crypto.

Related
Finally, the FTX US head is convinced that the approval of a physical Bitcoin exchange-traded fund could supercharge another bull run. The U.S. Securities and Exchange Commission is yet to greenlight such a product despite the fact that such ETFs are already trading in Canada and Australia.

Bitcoin, the world’s largest cryptocurrency, is trading slightly above the $20,000 level.

Earlier today, former BitMEX CEO Arthur Hayes warned that there would be more short-selling. 

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD