March 09, 2022 - FTX has announced the launch of an institutional focused service, to be called "FTX Access", for institutional investors interested in gaining exposure to digital assets. FTX Access will initially offer advisory services, index products, trade execution, analytical tools and capital introductions for institutional investors. FTX Access will then further explore offering custody, derivatives, structured products and other asset management products.

Sam Bankman-Fried, CEO of FTX, commented, "The role crypto plays in the global financial landscape continues to expand, and with that comes an influx of institutions looking to add crypto to their balance sheets. To make the transition into the digital asset ecosystem seamless for these institutions, we have launched FTX Access in order to provide these companies with familiar services. Our goal is to provide services that make it easier for traders at all levels to invest in cryptocurrencies, while also meeting compliance and regulatory standards found in traditional finance. We believe institutional interest in digital assets is accelerating so this is a great time to make it a top priority for FTX."

FTX has also disclosed that Gustavo Miguel has been appointed as the U.S. Head of FTX Access. In his new role, Mr. Miguel will leverage his career in institutional finance to expertly direct the growth of FTX Access' U.S. operations and position the company to bring industry-leading products to market in a regulatory compliant manner. Prior to FTX Access, Miguel was a founding member of Coinbase Risk Strategies, where he was the Global Head of Derivatives. Before Coinbase, Miguel ran global trading at Passport Capital. Miguel began his Wall Street career in Morgan Stanley Institutional Equities, where he managed a proprietary portfolio, specialising in derivatives. He graduated from Stanford University with Honors and co-founded the Stanford Finance Organization. Miguel will be joined by Jon Cheesman, Global Head of FTX Access, who has been responsible for growing FTX's OTC client services.

Mr. Cheesman concluded, "At FTX, we are always seeking to enhance and expand our offerings to meet client demand and FTX Access is the latest stage of that process. Throughout our conversations with institutions seeking exposure to digital assets, they have vocalized a need for secure, transparent, and cost-effective execution, custody, and asset management services. FTX Access has been designed to fit just that need. We are excited to bring these services to market and are looking forward to delivering our best possible services to our clients."