1) FTX has grown from nonexistent to one of the industry leaders in the last year.
We've put in a TON of work to get there, from listings to customer base to products to technology.
Now seems like a reasonable time to give a series of updates about the business.
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3) This semester we hired a dedicated mobile developer and rolled out totally revamped apps.
They're not perfect, but they're way better than they once were, and than many others in the space.
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6) FTX.us launched this year with a leading technical product, and we're gearing up for a massive push over the rest of 2020.
We've recently hired , the ex head of crypto at Robinhood, as our COO; and have really exciting things in the works.
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7) We've also begun scaling things up behind the scenes more and more--from to the upcoming FTX US push to some really exciting partnerships.
We've begun investing more, too. You've probably seen some posts about it, but our venture arms have been quietly active.
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8) None of this has come without a ton of challenges. We've been able to fight through them, but they'll keep coming.
We're rolling out a ton of targeted upgrades to our capacity, but over the next couple months we're also going to be completely rewriting our databases.
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9) This should allow us to massively scale with our userbase. It's a good problem to have, and overall FTX has had fewer interruptions than many exchanges, but any is more than ideal, and there's more we can and will do behind the scenes to ramp up. Bear with us while we do.
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