SBF on Twitter: "@iam__vance @tonysheng To be clear it's the users of the exchange that trade, and FTX has a ton of risk procedures in place to manage margin/etc.: https://t.co/Owu4xyesPB https://t.co/6Ns0xkSdxr https://t.co/d14JDRnHYd" / Twitter

FTX gave people derivative leverage to speculate on a spot market that could be easily manipulated, exposing FTX to unlimited risk with a paltry funding rate to compensate FTX for this Why would they do this unless they had control of the spot market and could limit risk?

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To be clear it's the users of the exchange that trade, and FTX has a ton of risk procedures in place to manage margin/etc.: help.ftx.com/hc/en-us/artic help.ftx.com/hc/en-us/artic help.ftx.com/hc/en-us/artic

help.ftx.com

Order Limits and Price Bands

Order Limits Users can’t send orders that would move the price more than 2% (for futures markets) or 25% (for spot markets) through opposite side of the book. Orders too far through the book get ...

6:53 AM · Jun 25, 2020Twitter Web App

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