FTX CEO Sam Bankman-Fried expressed his optimism about the development of the cryptocurrency exchange in an interview with Axios. He believes the losses associated with his role as “lending of last resort” in the industry will not have an impact on the business.

The billionaire stated that he was “ready to lose some” during the “recovery” of Voyager Digital because the $75 million provided to the crypto broker was related to client assets and could be lost.

Sam Bankman-Fried stressed that FTX’s earnings were “roughly in line with last year’s figures.” Against the background of deteriorating market conditions, this is facilitated by the increase in market share.

It looks forward to improving the situation in the future and expanding the platform’s product line in anticipation of reduced regulatory uncertainty and economic recovery.

Currently, FTX is looking for a clearing company on the exchange and is looking forward to developing cooperation with the IEX platform.

The senior executive spoke of the absence of “a ton of calls” from “troubled companies” that plagued him during the first weeks of the crypto winter. Bankman-Fried didn’t rule out that the recovery could be “surprisingly fast.”

The company’s president is optimistic that Congress will focus on developing a regulatory framework for the industry. It allowed regulation to be similar to the way it was regulated in traditional finance – with “highly similar principles”, with a mismatch in details.

The CEO of FTX did not refuse to add bitcoin as a backup asset if its price fell to $15,000. At higher levels, this offer was rejected by FTX.

The other day, media reported that the bitcoin exchange expects to confirm a valuation of $32 billion following a potential investment round.

Recall that in July, FTX USA gave BlockFi $240 million of revolving credit with a $240 million repurchase option. Previously, the parties agreed on a $250 million revolving line of credit.

Prior to this, Bankman-Freed-affiliated Alameda Research provided a 200 million USDC loan and a 15,000 BTC (~$300 million) revolving loan to cryptocurrency broker Voyager Digital.

Earlier, the CEO of FTX promised to spend “billions” to buy shares in other companies.

Sam Bankman-Fried said in May that the purpose of the platform is to offer investors a wide range of products, including classic stock trading.

Then, information surfaced about the company’s plans to acquire one of the “unicorns” of the online brokerage business.

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