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Brett Harrison is stepping down from his position as president of FTX US, he announced on Twitter Tuesday.
Founded by billionaire Sam Bankman-Fried, FTX is one of the largest centralized cryptocurrency exchanges.
Over the past year, FTX’s growth surged by 1,000%, with revenue reportedly jumping from $89 million to $1.02 billion in 2021.
It is no surprise that the company has been actively acquiring crypto startups that have been under threat in the beat market — scoring discounted deals, including acquiring crypto lender BlockFi for a maximum of $240 million in July, and Voyager Digital’s assets for $1.4 billion on Monday.
“I have deep gratitude for my experiences at FTX in the last year and a half,” Harrison tweeted. “I don’t doubt my experiences in this role will be among the most cherished of my career.”
1/ An announcement: I’m stepping down as President of @FTX_Official. Over the next few months I’ll be transferring my responsibilities and moving into an advisory role at the company.
— Brett Harrison (@BrettHarrison88) September 27, 2022
Harrison joined FTX in May 2021 after serving as the head of semi-systematic technology at Citadel Securities for almost two years.
Harrison will remain in the crypto space and work to make the industry more accessible, removing barriers in both centralized and decentralized markets.
Really grateful to work with @zachdex, @_Ryne_Miller, and others to push forward in the US; and a heartfelt goodbye to @Brett_FTX as he transitions to an advisor and FTX US transitions to its Miami HQ!
— SBF (@SBF_FTX) September 27, 2022
Being agile and coordinated is a core value–it'll be great to be together.
“I can’t wait to share more about what I’m doing next. Until then, I’ll be assisting Sam and the team with this transition to ensure FTX ends the year with all its characteristic momentum,” he tweeted.
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