FTX Trading Limited (FTX) will be the naming rights sponsor of Australian Blockchain Week 2022, which runs from March 21 to 25.
Blockchain Australia is Australia’s premier industry network, bringing together business, academia, and government to debate blockchain’s potential.
I’m incredibly excited to announce @FTX_Official as the Naming Rights Sponsor for Blockchain Week 2022. A huge to @SBF_FTX for your support of the Australian ecosystem pic.twitter.com/B6cUWaTWIE— Steve Vallas (@stevevallas) January 17, 2022
Australian Blockchain Week will include over 200 speakers over 75 events, including FTX CEO Sam Bankman-Fried. FTX is a Bahamian-based bitcoin derivatives exchange that was founded in May 2019. According to Coinranking, it had a 24-hour trading volume of $1.41 billion at the time of writing.
The hiring, according to Steve Vallas, Chief Executive Officer of Blockchain Australia, comes at a “watershed moment” in the Australian blockchain ecosystem’s mainstreaming.
“Growing interest in blockchain technology from major financial institutions together with signs of increasing regulation for the industry mean this year’s event is being held at a critical time for all players in this market.”
The agreement, according to Bankman-Fried, is the first step in supporting the “long-term expansion of the Australian market.”
“We look forward to contributing to discussions to advance the local industry, better safeguard and protect consumers, and enabling financial institutions to evolve and thrive in the crypto industry.”
The businessman’s speech at the Asian Financial Forum on Jan. 11, in which he called on authorities to develop a unified framework for digital assets, will coincide with Australian Blockchain Week.
FTX
FTX, which was founded in May 2019, is one of the world’s largest cryptocurrency exchanges, allowing users to trade not just the world’s most popular cryptocurrencies, such as Bitcoin and Ethereum, but also futures, options, volatility products, and leveraged tokens.
Both professional trading businesses and first-time users are served by FTX. Sam Bankman-Fried led FTX to be ranked 11th among the top 2021 unicorn firms, with a valuation of $25 billion, in December 2021. FTX was ranked 11th among the top 2021 unicorn firms in December 2021, with a valuation of $25 billion, thanks to Bankman-leadership. Fried’s
The transaction is the latest example of an overseas crypto exchange spending a lot of money to establish its name in front of an Australian audience. Crypto.com, a Singaporean cryptocurrency exchange, agreed to sponsor the Australian Football League for $30 million yesterday.
