Brett Harrison, president of crypto exchange FTX US, is stepping down from the position.
Harrison will move into an advisory role at the company over the next few months, he tweeted Tuesday. He did not disclose who will be succeeding as the president.
Harrison said he would remain in the crypto industry, despite the price mayhem, “with the goal of removing technological barriers to full participation in and maturation of global crypto markets, both centralized and decentralized,” he said.
Prior to FTX US, Harrison served as the head of semi-systematic technology at billionaire Ken Griffin’s market maker Citadel Securities and was once head of trading systems technology at quantitative trading firm Jane Street.
Harrison and a representative at FTX have not responded to messages seeking comments by press time.
FTX US has won the bid for Voyager Digital’s assets for about $1.4 billion, the bankrupt crypto broker said Monday.
It has been a brutal year for the crypto industry, with bitcoin down almost 60% year-to-date, according to CoinDesk data.