Wednesday, September 28, 2022

FTX.US Opens Chicago Headquarters, Launches Community Support Service

The United States branch of FTX, FTX.US has just opened its headquarters in the city of Chicago and also launched a local community service investment initiative in partnership with Equity and Transformation (EAT) to provide support for the menial labor workers in Chicago. According to the press release, the head office of the world-renowned crypto exchange is situated at the Fulton Market, inside 167 Green Building.

The Chicago-based FTX.US head office will be accommodating 70 staff, which will ensure the facilitation of crypto adoption amongst minorities in the famed city.

Beyond being a cryptocurrency exchange that is recognized across the world, FTX is known for on-time delivery of crypto services, and the embrace of community development projects in its immediate environment.

FTX.US. in partnership with EAT will be providing the sum of $500 monthly for the next 12 months to be disbursed to 100 Chicago residents. Also, education on financial literacy will be administered, residents will have access to a bank account opened at zero costs and a Visa card will 

The community project, dubbed “The Chicago Future Fund’s FTX Pilot” aligns with a similar one that the Mayor of Chicago, Lori E. Lightfoot has been embarking on.

The chief of the US branch of the virtual currency exchange, Brett Harrison said the company is elated to establish its headquarters in the heart of Chicago, being that the city has always encouraged the development of innovative technology. He further noted the various benefits that the residents will enjoy from its presence in the city and added that the team;

“look forward to growing here, both as a company and as a resource for those who have been underserved financially throughout Chicago.”

Speaking on the expansion move of FTX.US,  Lightfoot said that armed with the knowledge that the Illinois city is profitable ground for “innovation in fintech”, it is important that none of its residents should be left out in enjoying the opportunities that these technologies present. Hence, the collaboration between EAT and FTX US “will ultimately make our post-pandemic recovery that much more equitable and inclusive”.

FTX, a regulated virtual assets exchange service provider is often known for expanding its businesses across various territories in the world. In March, the firm opened its outlets in Australia and Europe,  defying possible discouragement through stiff government regulations in Europe.

Israel Love
Israel Love is a passionate writer that enjoys educating and inspiring people through his writing. This passion fuels the desire to simplify the complexities in the blockchain ecosystem, by providing viable information about the crypto space in such a way that makes it easy for anyone to understand. Israel love also has interests in Human Resource Management as he is a trained expert in HR.

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