FTX founder SBF: "Conquering North America is the next important target for FTX."
Just completed Series B funding, FTX, with a valuation of $18 billion, has set a new goal. Its founder and CEO, Sam Bankman-Fried, made a surprising statement on "CoinDesk TV," saying that FTX's next target is the US market.
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Decentralized Operations Reduce Regulatory Impact in China
SBF believes that the recent regulatory pressures in China have indeed affected the overall crypto market, including exchanges. However, FTX operates globally, with revenue streams diversified across various jurisdictions. Therefore, despite the significant size of the Chinese market, FTX's "local users" in China are not as numerous as one might imagine.
It stated: "FTX's user base is global, with no concentration of operations in a single jurisdiction. No jurisdiction accounts for more than 10% of revenue."
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