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Featured image for article: Former FTX US President to Build New Trading Hub Focused on Perps

Former FTX US President to Build New Trading Hub Focused on Perps

October 29, 2025CoinspeakerArticle
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Former FTX US president Brett Harrison returns with AX, a Bermuda-regulated exchange offering perpetual contracts on forex, stocks, and commodities with crypto-like efficiency.

📋 Article Summary

Former FTX US President Brett Harrison is launching AX, a revolutionary Bermuda-regulated cryptocurrency trading exchange specializing in perpetual contracts across forex, stocks, and commodities markets. This new digital asset platform promises to deliver crypto-like trading efficiency for traditional financial instruments, potentially reshaping the DeFi landscape. Harrison's return to the cryptocurrency sector signals growing institutional confidence in digital trading infrastructure, despite recent market volatility affecting Bitcoin and major altcoins. AX aims to bridge traditional finance with blockchain technology, offering perpetual swaps that could attract both retail and institutional traders seeking advanced derivatives trading capabilities. The Bermuda regulatory framework provides a strategic advantage for the exchange, positioning it to serve global cryptocurrency markets while maintaining compliance standards. This development comes as the crypto industry continues evolving beyond Bitcoin and Ethereum, with innovative trading platforms driving adoption in decentralized finance (DeFi) sectors. Market analysts anticipate AX could capture significant trading volume from existing cryptocurrency exchanges, particularly given Harrison's proven track record in building scalable trading systems. The platform's focus on perpetual contracts may attract sophisticated traders looking for enhanced liquidity and reduced slippage in digital asset trading.

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