CoinGecko will be hosting our Virtual Meetup #8 on November 25 @ 8AM EST. Held monthly, CoinGecko Virtual Meetup is our live online community event where we explore different key topics in the crypto sphere and invite industry leaders to share their two satoshis.
This month, we will be discussing the state of the crypto market and one of our featured guests is Sam Bankman-Fried, co-founder and CEO of FTX. FTX is a cryptocurrency exchange built by traders, for traders. The platform offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens.
Read on to get to know Sam better!
1. Can you share a bit about yourself with us?
I’m the CEO and co-founder of FTX. I also started Alameda Research, a crypto quant trading firm, and am advising Project Serum, a decentralized ecosystem built on Solana. Prior to crypto, I traded international ETFs at Jane Street Capital. I’m an active member of the Effective Altruism community, dedicated to finding the highest impact ways to positively impact the world.
2. How did you come up with the idea for FTX?
As a user frustrated with other crypto derivatives exchanges, I started up FTX with the goal of designing a crypto exchange that worked the way traders wanted: cross-margined, a sophisticated risk engine, innovative products, and intuitive features. We are constantly building out FTX to keep creating the cutting edge of crypto exchange features.
3. Currently, are there any projects that you are carrying out and can share with us?
There are a bunch! FTX recently launched tokenized stock trading and futures, which has been really exciting, and also a bunch of significant products are in the works. The Serum ecosystem has also been quickly expanding towards its long-term vision.
4. What are your thoughts on the crypto market this quarter? Can you briefly explain it to us?
We’ve seen the beginnings of institutional adoption of bitcoin, which has driven markets -particularly BTC- way up. I think this is going to be a critical quarter for DeFi to innovate and prove that it can be useful for industrial scale use, and for governments to figure out how they’re going to treat crypto.
Join us at CoinGecko Virtual Meetup this Wednesday (25 November 2020) to learn more about the state of the crypto market.