{"id":41835,"date":"2021-05-04T10:54:14","date_gmt":"2021-05-04T07:54:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41835"},"modified":"2025-08-30T20:32:38","modified_gmt":"2025-08-30T17:32:38","slug":"ftx-hires-former-hsbc-top-executive","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ftx-hires-former-hsbc-top-executive\/","title":{"rendered":"FTX hires former HSBC top executive"},"content":{"rendered":"<p>Former HSBC top executive Jonathan Chizman joined the crypto derivatives exchange FTX as head of OTC and institutional sales.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Welcome to the team <a href=\"https:\/\/twitter.com\/jon_ftx?ref_src=twsrc%5Etfw\">@jon_ftx<\/a>! This was an episode in which I learned a good deal about financial institutions and the relationships we\u2019re seeing between them and crypto. A great episode for those wondering what institutional adoption means. <\/p>\n<p>Full ep: <a href=\"https:\/\/t.co\/lMQB3P9oPd\">https:\/\/t.co\/lMQB3P9oPd<\/a> <a href=\"https:\/\/t.co\/4r8ystGusO\">https:\/\/t.co\/4r8ystGusO<\/a> <a href=\"https:\/\/t.co\/3kanuBoFlQ\">pic.twitter.com\/3kanuBoFlQ<\/a><\/p>\n<p>\u2014 Tristan Yver (@jackshaftoes) <a href=\"https:\/\/twitter.com\/jackshaftoes\/status\/1389221942859759628?ref_src=twsrc%5Etfw\">May 3, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At HSBC, Chizman led the unit serving banks and hedge funds in the foreign exchange market. In an interview with The Block, he noted that he is meant to be \u201ca bridge between traditional finance and crypto market participants.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI am very happy to be a mediator and helper for people who are just starting to work with cryptocurrencies in the traditional finance industry,\u201d Chizman said.<\/p>\n<\/blockquote>\n<p>FTX&#8217;s aim is to serve traditional financial institutions, including banks, payment companies and hedge funds. The exchange plans to acquire digital assets for them and participate in the development of structured products.<\/p>\n<p>According to Chizman, institutional adoption of cryptocurrencies is gaining momentum.<\/p>\n<p>FTX Chief Executive Sam Bankman-Fried said the exchange is currently in talks with more than 30 institutions. The company is assessing which services they are interested in and developing beta versions of the respective products.<\/p>\n<p>According to Chizman, to expand the business the company is organizing a large funding round. Bankman-Fried confirmed this but did not disclose details.<\/p>\n<p>In April 2021, FTX launched <a href=\"https:\/\/forklog.com\/en\/news\/ftx-launches-futures-on-robinhood-stock-price-ahead-of-ipo\">futures contracts on the future price of Robinhood stock<\/a> online broker.<\/p>\n<p>At the end of 2020, the exchange <a href=\"https:\/\/forklog.com\/en\/news\/ftx-launches-pre-ipo-coinbase-stock-price-futures\">offered similar instruments<\/a> for Coinbase and Airbnb securities.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former HSBC top executive Jonathan Chizman joined the crypto derivatives exchange FTX.<\/p>\n","protected":false},"author":1,"featured_media":41836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,1236,1582],"class_list":["post-41835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-ftx","tag-hsbc"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=41835"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41835\/revisions"}],"predecessor-version":[{"id":41837,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41835\/revisions\/41837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/41836"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=41835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=41835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=41835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}