TechFlow News — Sam Bankman-Fried (SBF), CEO of cryptocurrency exchange FTX, recently sat down with Forbes to address criticism surrounding crypto derivatives. He stated that the crypto derivatives industry is maturing and becoming more responsible, which he believes is essential for a healthy crypto market. Regarding regulation, he noted that regulators are actively building frameworks for cryptocurrency—more so than ever before. One key development is establishing licensing frameworks through which legitimate businesses can apply for crypto licenses. FTX is currently applying for licenses across six to seven jurisdictions. FTX aims to engage in cooperative dialogue with regulators to operate in these regions under proper licensing.
When asked about potential plans for a near-term listing, Sam Bankman-Fried said: “We’ve seriously considered it. But we ultimately decided now isn’t the right time, especially given the shifts in public equity markets. That said, if going public is the right move for the company, we want to be prepared. Notably, we don’t plan to cash out or do anything like that.”
