FTX Plans to Expand crypto Business to the US because of Bitcoin ETF

Crypto exchange FTX is much eager because of Bitcoin futures ETF approval. Now the exchange is planning to expand its reach in the United States. 

After the approval of Bitcoin futures ETF by the United States Securities and Exchange Commission, many big institutions came to know that Bitcoin is under a better regulation framework system and can be considered as a legal asset to buy and sell. And these pushed Bitcoin to hit a new all-time high. 

In a recent interview with CNBC, The chief executive of FTX crypto exchange appreciated the US authorities for approving the first Bitcoin ETF approval. Sam Bankman-Fried, CEO of FTX, said that they are waiting for all legal hurdles to end and after that, they will start to expand their crypto business in the United States. 

Recently, FTX crypto exchange raised around $420.7 million funds and now the valuation of FTX exchange is around $25 billion. 

Bankman-Fried expectations from US regulators

FTX CEO believes that United States regulators will also approve more other crypto assets based products to give better clarity on the point of view of non-crypto investors. 

Valkyrie Bitcoin ETF is also ready to enter this world with the availability of trade. 

So, in this way, FTX CEO believes that from time to time new initiatives by the US regulators will bring better regulation on the crypto market and that will give a better ecosystem for the crypto platforms to run their business.

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