The FTX cryptocurrency derivatives exchange decided to donate 1% of net commission income from transactions on the site to charity.
Last year, FTX CEO Sam Bankman-Fried said that $ 85 million in commission revenue was expected to reach $ 400 million in 2021, as indicated by the increased trading volume for December 2020. …
“We are launching the FTX Foundation. Its mission coincides with ours – not just to improve the world, but to make it the best place to live, ”the Foundation’s official announcement says.
It is interesting that the site users will participate in the management of the funds of the charitable foundation:
“We plan to use the same voting system that we use to determine the tokenized shares that will be placed on our platform. We will suggest some of the best spending options and listen for feedback on what is missing and what users would like to see. ”
According to New York Magazine, Sam Bankman-Fried is one of the richest representatives of the cryptocurrency industry. His fortune is estimated at $ 10 billion.
In late August last year, FTX acquired Blockfolio, a digital asset tracking service. The deal was worth $ 150 million.
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