FTX Crypto Considers Expanding its Regional Office in Georgia

Irakli Garibashvili, Prime Minister of Georgia met Sam Bankman-Fried (aka SBF), Founder and CEO FTX Crypto Derivatives Exchange within the scope of the Munich Security Conference (MSC 2022).

Meeting was focused on the prospects of future partnership, location of Georgia, stable and business-friendly environment that offers significant opportunities to investors. Growing trend of crypto derivatives exchange both in the region and globally were also discussed today.

The Head of Government of Georgia suggested to the Founder of FTX Crypto Derivatives Exchange to consider a regional presence or outreach customer service in Georgia, which will serve a wider region. Irakli Garibashvili noted that the Government of Georgia welcomes the ignition of interest among investors and stands ready to provide maximum support to the inflow of foreign direct investments (FDI) in the country.

According to the official sources information, Founder and CEO of FTX Crypto Derivatives Exchange (net worth of 40 billion USD) is the ultra-high-net-worth-individual (UHNWI) in the crypto world. Net wealth of Sam Bankman-Fried (SBF) is valued at 22.5 billion USD. SBF has reportedly decided to devote the largest share of his assets to charity and philanthropy.

Meeting was attended by Ilia Darchiashvili, Head of Government Administration.