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SBF

20 Sep, 5 tweets, 2 min read

1) Today we're proud to announce that FTX has been registered with the Securities Commission of The Bahamas under the DARE Act of 2020.

finance.yahoo.com/news/ftx-estab…

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.

@rsalame7926

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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More from @SBF_FTX

SBF

@SBF_FTX

21 Sep

1) OK so pet peeve:

You're playing against a great offence, so you decide to run the ball more to "keep the ball out of their QB's hands".

2) This is a really common suggestion. 538, known "quants", just suggested it without any pushback! fivethirtyeight.com/features/rejoi…

But it makes no sense.

3) The thing is, if you run the ball, taking up more clock...

Then that's time *neither* side can take advantage of.

Let's say you can choose between 75% running or 75% passing on this possession, and each have equal % of scoring.

Read 7 tweets

SBF

@SBF_FTX

6 Sep

ftx.us/nfts/list

Make your own NFTs 🔥

e.g. ftx.us/nfts/token/291…

All NFTs will be cross-chain ETH/SOL!

Deposits/withdrawals opening up in the next couple weeks.

You'll also be able to deposit outside NFTs then!

also available at ftx.com/nfts/list

also both US and non-US users can use FTX US!

Read 4 tweets

SBF

@SBF_FTX

31 Aug

@ftx_us

1) This is probably one of the most exciting announcements we've ever had.

@ftx_us + @ledgerx

forbes.com/sites/steveneh…

@zachdex

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.

@CFTC

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.

Read 4 tweets

SBF

@SBF_FTX

25 Aug

@FTX_Official

1) @FTX_Official is proud to announce that we've extended capital to @Liquid_Global.

All customer assets are safe and backed fully backed.

coindesk.com/recently-hacke…

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.

@MikeKayamori

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.

Read 4 tweets

SBF

@SBF_FTX

16 Aug

1) The currency of crypto

@FTX_Official

2) What's the 24h volume on @FTX_Official?

@coingecko's API says 205,706.

Which, at this point, will seem really weird to anyone in the industry. Shouldn't it be around 10B?

3) For those who have been here a looong time, though--predating me--this might be exactly what you're expecting. (CoinGecko's API is retro!)

In the last 24h, FTX has traded roughly 200k BTC worth of assets.

But at this point, BTC-denominated volume is all but gone.

Read 22 tweets

SBF

@SBF_FTX

15 Aug

@HuobiGlobal

1) Alright guys it's time to talk about @HuobiGlobal!

https://twitter.com/HuobiGlobal/status/1426818226714030084

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.

Read 9 tweets

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