FTX Access launches as institutionals go crypto

Rick Steves

“Throughout our conversations with institutions seeking exposure to digital assets, they have vocalized a need for secure, transparent, and cost-effective execution, custody, and asset management services.”

West Realm Shires Services Inc. (FTX US) and FTX Trading Limited (FTX.COM) have announced the launch of FTX Access, a platform for institutionals, offering advisory services, index products, trade execution, analytical tools and capital introductions for institutional investors interested in gaining exposure to digital assets.

FTX Access plans to also include custody, derivatives, structured products, and other asset management products.

As part of the launch, FTX appointed Gustavo Miguel as the U.S. Head of FTX Access, who will be joined by Jon Cheesman, Global Head of FTX Access, who has been responsible for growing FTX’s OTC client services.

Gustavo Miguel joins FTX Access from Coinbase Risk Strategies, where he was a founding member and the Global Head of Derivatives. Before Coinbase, Miguel ran global trading at Passport Capital. His Wall Street career started at Morgan Stanley Institutional Equities.

Institutionals as a top priority for FTX

Sam Bankman-Fried, Chief Executive Officer of FTX, commented, “The role crypto plays in the global financial landscape continues to expand, and with that comes an influx of institutions looking to add crypto to their balance sheets. To make the transition into the digital asset ecosystem seamless for these institutions, we have launched FTX Access in order to provide these companies with familiar services. Our goal is to provide services that make it easier for traders at all levels to invest in cryptocurrencies, while also meeting compliance and regulatory standards found in traditional finance. We believe institutional interest in digital assets is accelerating so this is a great time to make it a top priority for FTX.”

Jon Cheesman, Global Head of FTX Access, said: “At FTX, we are always seeking to enhance and expand our offerings to meet client demand and FTX Access is the latest stage of that process. Throughout our conversations with institutions seeking exposure to digital assets, they have vocalized a need for secure, transparent, and cost-effective execution, custody, and asset management services. FTX Access has been designed to fit just that need. We are excited to bring these services to market and are looking forward to delivering our best possible services to our clients.”

 

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