Day: August 20, 2020

Former Head of Robinhood Crypto Joins FTX.US as COOFormer Head of Robinhood Crypto Joins FTX.US as COO

Today as revealed by The Block former head of Robinhood Crypto, Sina Nader has joined FTX.US as COO. Nader had also previously worked with Morgan Stanley, Credit Suisse, and crypto investment firm CryptoLux Capital.

Founder and CEO of FTX Sam-Bankman Fried told The Block “We’re really excited for Sina to join — he brings a ton of experience, energy, and vision for the exchange, and in general for the U.S. crypto market.”

Also revealed by Bankman-Fried that this new hiring coincides with future expansion plans for the FTX.US exchange.

FTX was first founded in 2019 and gained significantly popularity among traders for its innovative range of trading products. These include leverage tokens, options, perpetual swaps, and futures contracts. Currently FTX trades well over $300 million a day.

FTX.US was FTX’s foray into the US market. Currently offering 8 trading pairs it is a more bare-bones trading experience to that of FTX. This being due to financial regulations in the US.

FTX.US Trading Pairs

Since its launch in May this year has remained rather stagnant but with the reveal today that may be about to change.

Nader said via LinkedIn that he is “”super excited about all we will do.”