FTX is launching a decentralized crypto exchange built on the Solana blockchain

Quick Take

  • 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.

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Aug 11, 2021, 5:18PM UTC