ICYMI: FTX takes center stage at long-running futures conference in Boca Raton
Crypto dominated the FIA Boca institutional derivatives conference last weekFIA Boca — one of the largest institutional derivatives get-togethers — felt very different this year.
Unlike previous years — during which top executives flocked to listen to Intercontinental Exchange's Jeff Sprecher or Nasdaq's Adena Friedman wax poetic about market structure — suits and ties lined up to speak with FTX's billionaire Sam Bankman-Fried, who closed the event with a one-on-one conversation with baseball legend Alex Rodriguez.the rebrand of derivatives platform FairX to Coinbase Derivatives, as well as its broader strategy on this front.
At first glance, that approach could be perceived as a threat to the companies that sit between brokers and exchanges. Still, FTX wants to get everyone on board with its plans, including the FCMs and CME Group, the proverbial elephant in the room.
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