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FTX and real exchanges are a ‘quantum universe’ apart, trade body boss says

The WFE’s 2023 agenda will be influenced by crypto’s crash and the LME’s nickel crisis

Nandini Sukumar will look to tackle issues from transparency to operational resilience this year
Nandini Sukumar will look to tackle issues from transparency to operational resilience this year Photo: Getty Images

FTX may have called itself a crypto "exchange", but the boss of the World Federation of Exchanges said growing evidence of governance failures shows it is far from deserving of the title.

“If you compare it with the governance of exchanges and public markets, it is not just different, it is like a quantum universe difference,” Nandini Sukumar told Financial News.

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