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VOICE ARCHIVE

SBF

@sbf_alameda
14 posts
2021-07-27
9) And so, after lots of back and forth, we're going to be the ones to take the first step here: a step in the direction the industry is headed, and has been headed for a while. Today, we're removing high leverage from FTX. The greatest allowable will be 20x.
2021-07-27 View on X
New York Times

FTX and Binance will curb highly leveraged cryptocurrency trading, a practice that can vastly multiply losses; FTX offered 101x leverage, now down to 20x

New York Times :

View original
6) All of that being said, there's been a bunch of discussion recently around high leverage (> 20x). Nearly every crypto derivatives exchange allows it, and nearly every one will say the same thing: It's a tiny fraction of volume and positions.
2021-07-27 View on X
New York Times

FTX and Binance will curb highly leveraged cryptocurrency trading, a practice that can vastly multiply losses; FTX offered 101x leverage, now down to 20x

New York Times :

View original
8) The average leverage used on FTX is ~2x. And while we think that many of the arguments are high leverage miss the mark, we also don't think it's an important part of the crypto ecosystem, and in some cases it's not a healthy part of it.
2021-07-27 View on X
New York Times

FTX and Binance will curb highly leveraged cryptocurrency trading, a practice that can vastly multiply losses; FTX offered 101x leverage, now down to 20x

New York Times :

View original
2) We worked hard on our margin system at FTX: allowing users to cross-margin most assets on the platform. It means needing to manage one wallet instead of hundreds; it also means massively fewer liquidations.
2021-07-27 View on X
New York Times

FTX and Binance will curb highly leveraged cryptocurrency trading, a practice that can vastly multiply losses; FTX offered 101x leverage, now down to 20x

New York Times :

View original
2021-07-26
9) And so, after lots of back and forth, we're going to be the ones to take the first step here: a step in the direction the industry is headed, and has been headed for a while. Today, we're removing high leverage from FTX. The greatest allowable will be 20x.
2021-07-26 View on X
New York Times

FTX and Binance will curb highly leveraged cryptocurrency trading, a practice that can vastly multiply losses; FTX offered 101x leverage, now down to 20x

The moves would reduce the size of the bets that investors can make by drastically cutting the maximum leverage offered.

View original
2) We worked hard on our margin system at FTX: allowing users to cross-margin most assets on the platform. It means needing to manage one wallet instead of hundreds; it also means massively fewer liquidations.
2021-07-26 View on X
New York Times

FTX and Binance will curb highly leveraged cryptocurrency trading, a practice that can vastly multiply losses; FTX offered 101x leverage, now down to 20x

The moves would reduce the size of the bets that investors can make by drastically cutting the maximum leverage offered.

View original
8) The average leverage used on FTX is ~2x. And while we think that many of the arguments are high leverage miss the mark, we also don't think it's an important part of the crypto ecosystem, and in some cases it's not a healthy part of it.
2021-07-26 View on X
New York Times

FTX and Binance will curb highly leveraged cryptocurrency trading, a practice that can vastly multiply losses; FTX offered 101x leverage, now down to 20x

The moves would reduce the size of the bets that investors can make by drastically cutting the maximum leverage offered.

View original
6) All of that being said, there's been a bunch of discussion recently around high leverage (> 20x). Nearly every crypto derivatives exchange allows it, and nearly every one will say the same thing: It's a tiny fraction of volume and positions.
2021-07-26 View on X
New York Times

FTX and Binance will curb highly leveraged cryptocurrency trading, a practice that can vastly multiply losses; FTX offered 101x leverage, now down to 20x

The moves would reduce the size of the bets that investors can make by drastically cutting the maximum leverage offered.

View original
2021-07-21
1) I'm deeply humbled by the support we've gotten from our new partners: https://www.forbes.com/...
2021-07-21 View on X
Wall Street Journal

Crypto derivatives exchange FTX raises $900M from SoftBank, Sequoia, and others, valuing it at $18B; CryptoCompare: FTX handles $10B+/day in trades on average

Capital Raise Pushes Exchange Valuation to $18 Billion Michelle Lim / Forkast : FTX crypto derivatives exchange closes record $900M Series B with $18B valuation Tweets: SBF / @sbf_...

View original
2021-07-10
https://www.cnbc.com/... Usually headlines about “cracking down on big tech” are pretty bad and just culture wars, but... ...most of the policies here actually seem pretty good, and actually aimed at anti-competitive practices
2021-07-10 View on X
CNBC

Biden signs an EO calling on regulators to enact reforms such as increasing scrutiny of tech mergers and focusing more on moves like “killer acquisitions”

- President Joe Biden signed a new executive order aimed at cracking down on anti-competitive practices in Big Tech, labor and numerous other sectors.

View original
3) Alright, so what's going on with Bullish? Well really it's two different companies combined into one. It's an exchange, and it's a pile of crypto. About $6B of crypto and USD: https://www.businesswire.com/ ...
2021-07-10 View on X
CoinDesk

Crypto exchange Bullish, unveiled in May as a subsidiary of Block.one, to go public via a SPAC merger at a $9B valuation

Jamie Crawley / CoinDesk :

View original
2021-07-08
Really excited to be working with @Visa! You can deposit to @FTX_Official using your Visa card, and you can withdraw using your @ftx_us / @Swipe Visa card. https://usa.visa.com/...
2021-07-08 View on X
Insider

Visa partners with 50+ crypto firms, including Coinbase, to let users convert and spend crypto and says $1B+ was spent via crypto-linked Visa cards in H1

- Visa is partnering with over 50 crypto companies to allow clients to spend digital currencies.  — This means clients can buy …

View original
2021-03-21
1) The CFTC fines Coinbase $6.5m. This might be bullish for Coinbase. https://www.cftc.gov/...
2021-03-21 View on X
CoinDesk

Coinbase will pay a $6.5M fine to settle with the CFTC, over allegations that it self-traded cryptocurrencies between 2015 and 2018

Coinbase will pay a $6.5 million fine to settle allegations it self-traded cryptocurrencies between 2015 and 2018.  —  Crypto exchange Coinbase …

View original
2021-03-20
1) The CFTC fines Coinbase $6.5m. This might be bullish for Coinbase. https://www.cftc.gov/...
2021-03-20 View on X
CoinDesk

Coinbase will pay a $6.5M fine to settle with the CFTC, over allegations that it self-traded cryptocurrencies between 2015 and 2018

Coinbase will pay a $6.5 million fine to settle allegations it self-traded cryptocurrencies between 2015 and 2018.  —  Crypto exchange Coinbase …

View original