With $32bn Valuation, FTX Pushes for Regulatory Framework in Crypto Market

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With $32bn Valuation, FTX Pushes for Regulatory Framework in Crypto Market
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Emma Okonji Given the huge trade volume of crypto currency in Africa, Nigeria inclusive, a centralised crypto currency exchange firm, FTX, has called on the federal government to licence crypto tra…

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Given the huge trade volume of crypto currency in Africa, Nigeria inclusive, a centralised crypto currency exchange firm, FTX, has called on the federal government to licence crypto trading and come up with regulatory framework that will guide the operations crypto currency business in Nigeria.

Business Development Manager, FTX in Africa, Mr. Adebayo Juwon, said: “FTX is the most licensed crypto in the world both in the US, Japan, Europe and the United Arab Emirates . Juwon stated that in less than three years, FTX was able to reach a valuation of $32 billion, with six million registered users, operating in 200 countries across the world.

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