FTX headquarters moving from Chicago to sunny Miami
9/29/2022, 06:15 PM
Cryptocurrency exchange FTX is moving its U.S. headquarters to Miami from Chicago, co-founder and CEO Sam Bankman-Fried tweeted this week. The company’s current office in Miami’s Brickell district, opened during the past year, will serve as the headquarters, a representative for FTX told Commercial Observer. He declined to provide the address and size of the office.
FTX, whose global headquarters are in the Bahamas, is no stranger to Miami. Earlier this year, the company paid $135 million for the naming rights of the waterfront arena where NBA’s Miami Heat play.
The move comes only four months after the cryptocurrency exchange opened a 9,000-square-foot office as its U.S. headquarters in Chicago, where the city’s mayor, Lori Lightfoot, attended the ribbon-cutting ceremony.
The Magic City is pitching itself as a crypto capital. A slew of crypto companies, including Blockchain.com and Ripple, have opened offices in Miami over the past year. Miami Mayor Francis Suarez has taken some of his salary in crypto currency and spearheaded the creation of the city’s own coin.
Suarez lauded FTX’s move, tweeting, “Very honored to have your new U.S. headquarters moving to the MIA. FTX is one of the most innovative companies on the planet.”
FTX is the latest Chicago-based firm to depart for Miami. Earlier this year, financial behemoth Citadel announced plans to relocate its global headquarters to Miami. The firm is now leasing temporary offices at 830 Brickell and Southeast Financial Center as it develops its own skyscraper, which is expected to take five years to complete.
The move by FTX is just the latest example of a trend of firms leaving Chicago for Miami. This comes as Miami is pitching itself as a crypto capital, with a slew of crypto companies opening offices in the city over the past year. This includes Blockchain.com and Ripple. Miami Mayor Francis Suarez has even taken some of his salary in crypto currency and spearheaded the creation of the city’s own coin. Suarez lauded FTX’s move, tweeting, “Very honored to have your new U.S. headquarters moving to the MIA. FTX is one of the most innovative companies on the planet.”
The FTX exchange was created by Sam Bankman-Fried, a former quantitative trader at Jane Street Capital, and Gary Wang, a former software engineer at Google. FTX is incorporated in Antigua and Barbuda and headquartered in The Bahamas. The company has a team of over 30 people, including employees located in the US, UK, Hong Kong, Singapore, and Brazil.
The FTX exchange offers a variety of features and services that are designed to appeal to both retail and institutional investors. For retail investors, the exchange offers a user-friendly interface, a variety of payment methods, and a variety of currencies to choose from. For institutional investors, the exchange offers high liquidity, low fees, and a variety of order types.
The FTX exchange has been very successful in attracting users and generating trading volume. In January 2021, the exchange had a daily trading volume of over $1 billion. In February 2021, the exchange was ranked as the fourth most popular cryptocurrency exchange by CoinMarketCap.
The success of the FTX exchange is due in part to the fact that it has been able to offer a variety of features and services that are designed to appeal to both retail and institutional investors.
The exchange offers a user-friendly interface, a variety of payment methods, and a variety of currencies to choose from. For institutional investors, the exchange offers high liquidity, low fees, and a variety of order types.
The FTX exchange has also been successful in attracting users because it has been able to offer a variety of currencies to choose from. The exchange offers a variety of fiat currencies, such as the US dollar, the Euro, and the Japanese Yen. The exchange also offers a variety of digital currencies, such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Ripple.
FTX, whose global headquarters are in the Bahamas, is no stranger to Miami. Earlier this year, the company paid $135 million for the naming rights of the waterfront arena where NBA’s Miami Heat play.
The move comes only four months after the cryptocurrency exchange opened a 9,000-square-foot office as its U.S. headquarters in Chicago, where the city’s mayor, Lori Lightfoot, attended the ribbon-cutting ceremony.
The Magic City is pitching itself as a crypto capital. A slew of crypto companies, including Blockchain.com and Ripple, have opened offices in Miami over the past year. Miami Mayor Francis Suarez has taken some of his salary in crypto currency and spearheaded the creation of the city’s own coin.
Suarez lauded FTX’s move, tweeting, “Very honored to have your new U.S. headquarters moving to the MIA. FTX is one of the most innovative companies on the planet.”
FTX is the latest Chicago-based firm to depart for Miami. Earlier this year, financial behemoth Citadel announced plans to relocate its global headquarters to Miami. The firm is now leasing temporary offices at 830 Brickell and Southeast Financial Center as it develops its own skyscraper, which is expected to take five years to complete.
The move by FTX is just the latest example of a trend of firms leaving Chicago for Miami. This comes as Miami is pitching itself as a crypto capital, with a slew of crypto companies opening offices in the city over the past year. This includes Blockchain.com and Ripple. Miami Mayor Francis Suarez has even taken some of his salary in crypto currency and spearheaded the creation of the city’s own coin. Suarez lauded FTX’s move, tweeting, “Very honored to have your new U.S. headquarters moving to the MIA. FTX is one of the most innovative companies on the planet.”
About FTX
FTX is a cryptocurrency exchange founded for the purpose of generating as much wealth as possible to be used for charitable causes following the earning to give principle of effective altruism. The exchange has over one million users and is headquartered in The Bahamas. FTX operates FTX.US, a separate exchange available to US residents.The FTX exchange was created by Sam Bankman-Fried, a former quantitative trader at Jane Street Capital, and Gary Wang, a former software engineer at Google. FTX is incorporated in Antigua and Barbuda and headquartered in The Bahamas. The company has a team of over 30 people, including employees located in the US, UK, Hong Kong, Singapore, and Brazil.
The FTX exchange offers a variety of features and services that are designed to appeal to both retail and institutional investors. For retail investors, the exchange offers a user-friendly interface, a variety of payment methods, and a variety of currencies to choose from. For institutional investors, the exchange offers high liquidity, low fees, and a variety of order types.
The FTX exchange has been very successful in attracting users and generating trading volume. In January 2021, the exchange had a daily trading volume of over $1 billion. In February 2021, the exchange was ranked as the fourth most popular cryptocurrency exchange by CoinMarketCap.
The success of the FTX exchange is due in part to the fact that it has been able to offer a variety of features and services that are designed to appeal to both retail and institutional investors.
The exchange offers a user-friendly interface, a variety of payment methods, and a variety of currencies to choose from. For institutional investors, the exchange offers high liquidity, low fees, and a variety of order types.
The FTX exchange has also been successful in attracting users because it has been able to offer a variety of currencies to choose from. The exchange offers a variety of fiat currencies, such as the US dollar, the Euro, and the Japanese Yen. The exchange also offers a variety of digital currencies, such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Ripple.