Former FTX US Chief Brett Harrison Seeks Redemption, Launches Crypto-Style Futures Platform for Stocks, AX

ccn.comОпубліковано о 2025-10-30Востаннє оновлено о 2025-10-30

Key Takeaways

AX is a new exchange that gives investors 24/7 global access to perp contracts in crypto and traditional stocks.
Harrison was caught lying about the security of FTX USD deposits and asset management.
AX has raised over $17 million with backing from Coinbase, Circle, Anthony Scaramucci, and others.

Brett Harrison, the former president of the now-defunct crypto exchange FTX, is bidding to make a fresh start by launching a new exchange, Architect Financial Technologies (AX), which aims to bring crypto-inspired perpetual futures to traditional stocks, commodities, and forex.

However, not everyone is pleased with the news as Harrison’s dodgy past has resurfaced.

Try Our Recommended Crypto Exchanges

Bitget

promotions

Earn rewards worth up to 5,000 USDT on your first deposit

Coins

Claim Offer

Bitunix

promotions

Receive up to $100,000 worth of exclusive gifts for newcomers upon registration.

Coins

Claim Offer

Zoomex

promotions

Gain $5 Bonus in USDT when you meet the minimum total Derivatives trading volume of $30,000.

Coins

Claim Offer

Fresh Start

As per Bloomberg , Harrison is making his industry comeback with the launch of a new centralized exchange, AX.

It mimics crypto perps’ leverage and non-expiry, but adds traditional safeguards such as portfolio margining, volatility halts, and price bands into the mix.

It’s the “perfect time” for such a product, Harrison told reporters.

Though U.S. regulators are yet to approve perpetuals, the Chicago-based firm will leverage an affiliate in Bermuda, keeping all crypto and asset activity offshore for the time being.

This, in Harrison’s words , makes it the “world’s first centralized and regulated exchange for perpetual futures on traditional assets.”

Looking ahead, Harrison is eager to evolve these offerings and launch perpetual for emerging asset classes such as rare earth metals, renewable energy, and data center compute costs.

Shadows of FTX

Though Harrison was uninvolved with the FTX fraud, his past mistakes have resurfaced, calling into question the legitimacy of “fully regulated” claims.

Sunil, an FTX Creditor who has closely followed and reported on the exchange’s collapse, reposted a 2022 document that revealed Harrison had been lying about FTX US deposits being FDIC-insured, with stocks held in FDIC-insured brokerage accounts.

Despite raising $17 million from backers including Coinbase, Circle, and Anthony Scaramucci, among others, AX will face additional scrutiny from the crypto community.

Recommended Secure Partners

Пов'язані матеріали

Kraken Plans CFTC-Regulated Perpetual Futures For US Professional Traders

Kraken plans to launch CFTC-regulated perpetual futures for eligible US professional traders through its acquired derivatives exchange, Bitnomial. These contracts, featuring continuous pricing, no expiry, and regular funding, aim to provide a regulated domestic route to a product that is central to global crypto trading but has been largely inaccessible on US platforms. The offering is expected to be integrated into Kraken Pro, allowing traders to manage various exposures in one interface. Key factors for success will include eligibility criteria, contract design, and the development of sufficient liquidity. This move could pave the way for more regulated perpetual products in the US market.

bitcoinist6 год тому

Kraken Plans CFTC-Regulated Perpetual Futures For US Professional Traders

bitcoinist6 год тому

Warsh's Debut: Will the FED Chair Who Knows Crypto Best Bring Surprises or Shocks to the Market?

Kevin Warsh, the new Federal Reserve Chairman, prepares for his inaugural press conference amidst a challenging macroeconomic landscape: resurgent inflation, a bond market sell-off, and political pressure from President Trump for rate cuts. Uniquely, Warsh holds indirect investments in over 20 crypto and Web3 entities (e.g., Solana, dYdX), making him the first Fed Chair with disclosed crypto exposure. His stance may combine a hawkish, inflation-focused monetary policy with a crypto-friendly regulatory philosophy that shifts from Powell’s “same risk, same rule” approach toward a framework acknowledging blockchain’s productivity value. Warsh’s leadership could impact crypto markets across three dimensions: a paradigm shift in regulation (potentially accelerating pro-innovation legislation and stable币 rules), a re-pricing of risk premiums based on clearer communication and his view of AI as a structural disinflationary force, and a long-term reallocation of global institutional capital driven by increased legitimacy. Two potential scenarios for the press conference are outlined. A “positive surprise” would involve a dovish-leaning tone on rates coupled with signals of regulatory openness, potentially boosting crypto asset valuations. Conversely, a “negative shock” would see a more hawkish-than-expected stance on inflation and rates, triggering a broad risk-asset selloff that crypto markets would not escape. While ethics rules required Warsh to divest his crypto holdings upon confirmation, his deep understanding of the technology may fundamentally lower policy uncertainty and build a more receptive long-term foundation for digital assets’ integration into the mainstream financial system.

marsbit7 год тому

Warsh's Debut: Will the FED Chair Who Knows Crypto Best Bring Surprises or Shocks to the Market?

marsbit7 год тому

XRP Ledger Launches XRPLd Rebrand With Version 3.2.0 Upgrade

XRP Ledger has launched version 3.2.0, rebranding its core server software from "rippled" to "xrpld." This release focuses on back-end upgrades, including major memory optimizations that can reduce server memory usage by up to 40% and architectural improvements for future scaling. Key updates enhance security for features like vaults, lending, and decentralized exchanges, and introduce new invariant checks for ledger consistency. The upgrade also adds the capability for applications to retrieve protocol information without connecting to a server, aiding wallet and API development. Additional changes aim to improve enterprise connectivity and performance, featuring configurable block sizes and an updated default peering port, along with various fixes for core network functions.

TheNewsCrypto7 год тому

XRP Ledger Launches XRPLd Rebrand With Version 3.2.0 Upgrade

TheNewsCrypto7 год тому

AGI is Not the End, DeepMind's New Paper: Moving Towards ASI, the Real AI Progress Has Just Begun

In a new report, Google DeepMind researchers argue that achieving Artificial General Intelligence (AGI) is not the end goal, but rather a step toward Artificial Superintelligence (ASI). They outline four potential pathways for this transition: 1) continued scaling of compute, models, and data; 2) algorithmic evolution and potential paradigm shifts; 3) recursive self-improvement; and 4) multi-agent coordination and collective intelligence. The report also identifies six key bottlenecks that could hinder progress: data limitations (the "data wall"), economic and resource pressures, limitations of current neural network paradigms, increasing research difficulty, "abstraction barriers" in forming new concepts, and regulatory and societal pushback. Looking ahead, the authors emphasize the need for new evaluation methods once AI surpasses human benchmarks. They call for a large-scale, interdisciplinary effort to prepare for a future where AI-driven advancements could trigger transformative changes across multiple fields. The path and speed of progress remain uncertain, constrained by physical laws, computational complexity, and real-world feedback loops.

marsbit8 год тому

AGI is Not the End, DeepMind's New Paper: Moving Towards ASI, the Real AI Progress Has Just Begun

marsbit8 год тому

Kraken Launches Pre-IPO Perps For OpenAI And Anthropic With Up To 5x Leverage

Kraken has launched pre-IPO perpetual futures contracts for private AI giants OpenAI and Anthropic, offering eligible traders up to 5x leverage. These derivatives provide synthetic exposure to the companies' valuations ahead of any public listing, tapping into high investor demand for AI themes. However, the product carries unique risks compared to standard crypto perpetuals, as private company valuations lack transparent, continuous pricing and depend on funding rounds, secondary transactions, and IPO timelines. This move signals crypto exchanges' expansion into alternative speculative markets beyond digital assets, though it raises questions about risk management, liquidity, and investor understanding, especially when using leverage.

bitcoinist8 год тому

Kraken Launches Pre-IPO Perps For OpenAI And Anthropic With Up To 5x Leverage

bitcoinist8 год тому

Торгівля

Спот

Ф'ючерси

Популярні статті

Як купити BRETT

Ласкаво просимо до HTX.com! Ми зробили покупку Brett (BRETT) простою та зручною. Дотримуйтесь нашої покрокової інструкції, щоб розпочати свою криптовалютну подорож.Крок 1: Створіть обліковий запис на HTXВикористовуйте свою електронну пошту або номер телефону, щоб зареєструвати обліковий запис на HTX безплатно. Пройдіть безпроблемну реєстрацію й отримайте доступ до всіх функцій.ЗареєструватисьКрок 2: Перейдіть до розділу Купити крипту і виберіть спосіб оплатиКредитна/дебетова картка: використовуйте вашу картку Visa або Mastercard, щоб миттєво купити Brett (BRETT).Баланс: використовуйте кошти з балансу вашого рахунку HTX для безперешкодної торгівлі.Треті особи: ми додали популярні способи оплати, такі як Google Pay та Apple Pay, щоб підвищити зручність.P2P: Торгуйте безпосередньо з іншими користувачами на HTX.Позабіржова торгівля (OTC): ми пропонуємо індивідуальні послуги та конкурентні обмінні курси для трейдерів.Крок 3: Зберігайте свої Brett (BRETT)Після придбання Brett (BRETT) збережіть його у своєму обліковому записі на HTX. Крім того, ви можете відправити його в інше місце за допомогою блокчейн-переказу або використовувати його для торгівлі іншими криптовалютами.Крок 4: Торгівля Brett (BRETT)Легко торгуйте Brett (BRETT) на спотовому ринку HTX. Просто увійдіть до свого облікового запису, виберіть торгову пару, укладайте угоди та спостерігайте за ними в режимі реального часу. Ми пропонуємо зручний досвід як для початківців, так і для досвідчених трейдерів.

333 переглядів усьогоОпубліковано 2024.12.12Оновлено 2026.06.02

Обговорення

Ласкаво просимо до спільноти HTX. Тут ви можете бути в курсі останніх подій розвитку платформи та отримати доступ до професійної ринкової інформації. Нижче представлені думки користувачів щодо ціни BRETT (BRETT).