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The exchange, which launched last year during the pandemic, has an average daily cryptocurrency cash transaction volume of $ 150 million and is growing rapidly, according to Brett Harrison, 33, president of FTX. US.
Chicago is a major financial hub of the United States and it is very important for us to be present here as traditional financial companies continue to move into digital assets and we continue to integrate and form strategic partnerships with all of them. these companies, Harrison said.
FTX.US is still a relatively small player in cryptocurrency trading, where 308 spot exchanges had a 24-hour trading volume of nearly $ 263 billion on Thursday, according to CoinMarketCap. Coinbase, the largest U.S. cryptocurrency exchange, recorded a first quarter trading volume of $ 335 billion, according to financial reports.
Governor JB Pritzker signed a law declaring June 19 an official public holiday.
Bitcoin accepted here
While cryptocurrency has gained momentum as an investment, its use as real currency has yet to gain traction in the United States, in part due to its wild fluctuation in value.
But amid the growing ranks of consumers whose digital wallets abound with bitcoin, a growing number of companies are promoting their willingness to accept cryptocurrency as a means of payment for goods and services.
A December 2020 analysis of the small business lending website Fundera found that 2,300 U.S. businesses accepted bitcoin, including 43 in Illinois. In April, Lincolnshire-based Camping World announced that it would start accepting cryptocurrency as a payment method for motorhomes through BitPay, a cryptocurrency payment service provider.
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