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Bahamas-based cryptocurrency exchange FTX may soon develop its own stablecoin, according to company chief executive Sam Bankman-Fried.
In a new interview with European Web3 media company big whaleBankman Fried tease FTX may soon move towards issuing stablecoins.
“We’ve put it off because we kind of think that collaboration has the potential to be very strong. We’ll try to find partners that we’re really excited to work with there.” But I think you’ll hear something from us on this topic in the not too distant future.”
The FTX CEO has also denied that his company is interested in acquiring retail trading giant Robinhood. FTX is buying hard in the ongoing crypto bear market.
There are two ways a company can grow: acquire companies or continue to grow internally. We could buy companies like Robinhood, but that’s not something we’re looking at right now.Our challenge is to continue to grow organically.”
During the interview, Bankman-Fried also expressed optimism about FTX’s metrics and growth potential.
We have great numbers. We have 1/20th the number of users, but we have 6x the trading volume of CoinbaseLooking at those numbers, you see a lot of potential.
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