FTX.US President Brett Harrison says two things will cause crypto trading volume to explode: Rapport
FTX USA President Brett Harrison reportedly says there are two catalysts that could wake crypto trading volume from its slumber.
In a new interview with Fortune, Harrison says a rally in the digital asset markets as well as regulatory clarity from the government could bring crypto trading volume back to life.
“There are two events that are likely to bring significantly more volume. One is crypto prices going back up, sure … that’s also true for stocks. Number two, I think, is when there’s actually regulatory clarity over crypto exchanges.”
Harrison says the recent bill proposed by US officials to give the Commodities Futures Trading Commission (CFTC) the ability to oversee many digital assets could be the clarity markets are looking for.
“But let’s say it passes and now the CFTC oversees, you know, Bitcoin and Ether, and FTX.US can register as a digital asset exchange. Every institution, every hedge fund, every family office fund that wants to get exposure directly to crypto, can do so on an exchange that is explicitly federally licensed. I think that will make a big difference.”
Harrison also says that clarity in the US could snowball elsewhere around the world.
“There are many jurisdictions that are looking to see how the US behaves, and very much want to create their regulation around that, [and many of those nations] for example, will look at our registration process and determine what disclosures are required for a token to be considered listed for retail investors.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox
Check price action
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Elena11
