2) We're extremely thankful for the work that the Securities Commission has put into building out a comprehensive regulatory framework for digital assets--one of the first in the world.
3) Having a comprehensive, nimble regulatory framework with oversight is essential to ensuring that the crypto industry is safe, robust, and growing.
We're excited to be one of the first global crypto exchanges to be part of a comprehensive spot + derivatives regulatory regime.
4) We are building out our headquarters here in The Bahamas, and I'm proud of the work that @rsalame7926, Valdez, and others have put in to getting us where we are.
I'm also extremely happy with the proactive actions taken by the government and look forward to our relationship.
5) As governments all over the world look to regulate the cryptocurrency industry, I hope that The Bahamas and the DARE Act can serve as a guidepost.
We will continue building out, as we have been, under FTX Digital Markets.
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2) It's been incredibly exciting getting to know @zachdex and the whole LedgerX team, and watching them, @Brett_FTXUS, @_Ryne_Miller, and others work together on a common goal:
one of the most exciting goals in the crypto ecosystem.
3) We're excited to work with the @CFTC on innovating in the US crypto derivatives space in a regulated, understood manor.
Common ground between regulators and industry is the foundation of safe, sustainable innovation.
2) We've admired what Liquid has been working towards: a leader in international cryptocurrency compliance, and one of the longest running exchanges in the ecosystem.
And we're excited to find more ways to work with them.
3) But for us, and for the Liquid team--@MikeKayamori, @CooLiquid, and everyone else--the customers always come first.
Which is why the first priority for them and for us was to make sure that everyone was going to be protected.
2) Huobi burned 2.3m HT ~ $22.6m for the month of July.
What does that mean?
3) Well, Huobi claims to burn 20% of its revenue.
(This is a little complicated -- they buy/burn 15%, and then they buy/burn 5% from something that looks kinda like the team allocation: huobi.com/support/en-us/…)
So that means they're claiming about $110m revenue in July 2021.