FTX CEO reveals a large partnership on the rise

FTX CEO Sam Bankman-Fried (SBF) announced that shortly after the MLB announcement, another large partnership is underway for the company.

In a recent interview, Sam Bankman-Fried spoke about the future of the FTX exchange as well as the future of Bitcoin.

When asked how many options the exchange is considering for a marketing partnership, SBF said it would be a lie to say there were no other deals.

“I would be lying if I said that there are no (partnerships) planned. Oh, I can see our staff texting each other, hoping I won’t say anything right now. In the next few months I would be surprised if at least one surprise wasn’t announced. “

Not so long ago, FTX became the official crypto partner of American Baseball (MLB) – with FTX images on referee uniforms and allowing FTX to advertise as a sponsor of the game.

The MLB partnership was announced after FTX officially signed a partnership agreement with the Miami Heat that also renamed the team’s arena the “FTX Arena”.

Now the SER indicated that at least one major deal was in the works. Bankman-Fried also commented on the market situation.

“On the one hand, I think that institutional money is still being planned. It will take months to years. There are many organizations that are cautious and make decades of decisions about what they are going to do.

I think we’re going to see some trickle down now, but I think it will be a year or two for a lot of them to come. ”

He added that part of the sell-off was driven by over-indebted long positions that have been liquidated and are no longer a threat.

“Some of the sell-offs were due to liquidation taking advantage of long positions that were blown away. Many people who could have been liquidated have been liquidated. “

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