FTX Exchange Provides $ 1 Million Value In Expectations Bank Is Stable On Coins

The FTX crypto derivatives exchange asks to call the bank to discuss the possibility of getting a stable cash back on the $ 1 million reward.

In a Twitter post on Tuesday, FTX said it was exploring ways to build relationships with banks in more areas, allowing users to "deposit and withdraw money almost anywhere." The exchange announced the idea of ​​the first bank in each region to offer a $ 1 million reward for receiving tokens, but hinted at various rewards.

"How much does it cost to get a bank to get a stable loan?"

Is it enough to give an additional $ 1 million to the first bank in each region to accept a fixed loan?

Would you like to work for a bank and discuss this issue? "

-FTX-Designed by traders to provide services to traders (@FTX_Official) December 28, 2021

The exchange of more than 350,000 Twitter followers was approved after FTX CEO Sam Bankman-Fried (abbreviated SBF) said greater regulatory clarity was needed for the cryptocurrency industry to including stability parts, improves accordingly. According to the CEO, creating "publicity / transparency / monitoring as a basis" will "solve 80% of the problems while allowing stable funding to thrive in the region."

The FTX said its target audience includes, but is not limited to, Bank of America, which is seeking stablecoin approval and is ready to negotiate with lending agencies. The exchange is affiliated with Antigua and Barbuda and is headquartered in the Bahamas, but also operates FTX US for US users.

“I just bought a bank, it was a good idea,” said Oliver von Landsberg-Sadie, CEO of BCB Group c. "We don't need freebies. You are already our customer. In the long run, it will benefit everyone."

This year, many US regulators have turned their attention to stable currency. The chairman of the task force on financial economics issued a statement in November endorsing that investors should agree to "adequate government supervision" similar to that of banks. Nellie Liang, the treasurer's financial director for the country, also said new legislation would be enacted to affect the coin's stability.