Sam Bankman-Fried is leaving the company to make room for two presidents

back off Sam Bankman Fried About the Alameda Mall to make way for two CEOs, Caroline Ellison  And  Sam Trabucco.

The duo, both traders with crypto relationships with Fried, will oversee the . network Alameda The vast array of trade and agriculture aggregates, emerging investments and market making.

The company is one of the trading giants in the crypto space, booking profits of $1 billion last year, according to the magazine. Forbes Forbes.

It was a company Alameda for research Alameda Research As Bankman-Fried's launch pad To break out into the major crypto associations, he set up this company in 2017 To take advantage of encrypted budget opportunities.

Ellison , who worked with the podium in the street Gene Jane year 2018, And trabuco  He is a bond dealer Susquehanna And a friend from the institute WITH For technology, in the company after one year.

Their ascent is the formalization of the ward Alameda_C More than a reorganization, according to trabuco.

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Trabuco's opinion on the future of Alameda

Trabuco also said that Fried has been fully dedicated to powering his own crypto exchange, since its launch in 2020:

“Once I started FTX, was using all his time, and the estimate of his current allotment is 2% In the company, ie 98% On FTX.

Now that the company is officially under Ellison's control, nothing about it will change.

The company, which trades billions of dollars in the crypto markets daily, will remain focused on generating huge returns. All we do is because we think it will make us money.”

Alameda It is “an opportunistic company, ready to act according to any strategy that best achieves this objective.”

Over the past few months, the best route has been to ride a game of swings in the Regular Crypto Markets. As Trabuco added:

"That's what I expect us to do in the really short term."

But there is no shortage of funds to raise funds, the company to the crypto market is like a fortress Susquehanna For traditional stocks, they are a behind-the-scenes market-making giant.

But those companies refuse to touch cryptocurrency, as he says Ken Griffin from Citadel، The regulatory coding of the United States is very ambiguous, but trabuco resident in Hong Kong  He is less afraid of regulatory concerns.

Read also: As Chinese pressure mounts: FTX exchange leaves Hong Kong for Bahamas