While the cryptosphere has not yet recovered from the bankruptcy of FTX, we know that the former head of the American subsidiary of the exchange has another business project. Brett Harrison could have contacted at least one venture capitalist to implement his project. Here’s what it is.
Launch Cryptocurrency Trading Software Startup
Brett Harrison on the left FTX US about five weeks before the big problems started that led to the bankruptcy of the exchange. When he was running the US subsidiary of FTX, he was one of the brightest figures in the crypto society. As such, sources recently reported that Harrison is taking steps to find the necessary funding for the development of a crypto project.
In fact, the former CEO of FTX US test to raise funds for the launch of a new crypto startup. Harrison is considering starting a company focused on developing cryptocurrency trading software.
The startup will offer its products and services to professional investors. It aims to make crypto trading easier on CEX and DEX, for large investors. Also, Brett Harrison is reportedly in contact with at least one venture capital firm to raise funds.
Harrison wants to fix crypto issues
Last October, one month after leaving FTX US, Brett Harrison make more tweets relevant. Through this, he highlighted the challenges facing the crypto industry (including DeFi). He also talks about key points he can make to help solve crypto-related issues.
Brett Harrison says:There are many companies, founders, founders, and investors currently working (some in stealth mode) to make DeFi infrastructure and applications easier, simpler, and more profitable. “.
He emphasized that he “proud to join the team of founders and developers building technology to make DeFi more accessible and more widely available“.
To launch his startup, Brett Harrison is reportedly looking to raise $6 million from at least one venture capitalist. In addition, it seems that the former president of FTX US wants to propose a particular type of order, which is widely used in equity markets. According to him, this type of order can promote better risk management in volatile markets.
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Far from dampening my enthusiasm, an unsuccessful investment in a cryptocurrency in 2017 only increased my motivation. So I decided to study and understand the blockchain and its many uses and relay the information in my pen related to this ecosystem.