FTX is launching a decentralized crypto exchange built on the Solana blockchain
July 27, 2020, 4:00AM EDT · 5 min read
- Crypto exchange FTX is launching a decentralized exchange (DEX) built on the Solana blockchain.
- “Solana is awesome,” FTX CEO Sam Bankman-Fried told The Block, arguing that the network is faster and cheaper than Ethereum.
- FTX is aiming to launch the DEX in a “week or two,” said Bankman-Fried.
- Called Serum, the DEX is interoperable with Ethereum.
FTX is launching its own decentralized exchange, but unlike other market entrants, it is eschewing Ethereum and turning to the Solana blockchain instead.
Subscribe to The Block to
Unlock this Feature
Choose Your Plan
If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.