Source: dailyhodl.com
The Bahamas-based crypto exchange FTX could soon develop its own stablecoin, according to the firm’s chief executive, Sam Bankman-Fried.
In a new interview with European Web3 media company The Big Whale, Bankman-Fried teases the possibility that FTX could make moves on issuing a stablecoin soon.
“We’ve held off on doing it because I think to some extent we think that collaboration on that could be really powerful, and with us trying to find the partners that we’d be really excited to work with there. But I think you’ll probably be hearing something from us on that topic in the not-too-distant future.”
The FTX CEO also denies that his company is interested in buying retail trading giant Robinhood. FTX has been on a purchasing spree during the ongoing crypto bear market.
“There are two ways for a company to grow: either it buys companies or it continues to grow internally. The most important thing is to continue to grow, to attract users, whichever way you do it. We could buy a company like Robinhood, but that’s not what we’re looking at right now. Our challenge is to continue to grow organically.”
During the interview, Bankman-Fried also expresses optimism about FTX’s metrics and potential to grow.
“We have excellent numbers. We do six times more volume than Coinbase while we have 20 times less users… When you look at these numbers, you can see that there is a lot of potential.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook 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 any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any 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/arleksey
Read More at dailyhodl.com