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11) We'd talked earlier about some sort of investment, and reconnected to talk about some sort of product. Their users wanted trading, they had the app and brand, and we had the technology and products. So we mapped out a product plan.

SBF

@SBF_FTX

Aug 25, 2020

12) Then one day as I was walking back home to the mid-levels in Hong Kong he called me, and the call was more rambling than usual. After 30 minutes of preamble and circling around he got to the point. What if there was more than just whitelabeling an app?

SBF

@SBF_FTX

Aug 25, 2020

13) They have one of the most loyal and impressive set of users in crypto. What would they really want? What if the goal was to make the best possible product? What would that look like?

SBF

@SBF_FTX

Aug 25, 2020

14) It was really liberating. Because of all our strengths, that's the largest. Starting from scratch, and mapping out how something should work, ideally. And then launching, and getting feedback, and iterating.

SBF

@SBF_FTX

Aug 25, 2020

15) (As an interlude:

@EdwardAMoncada

send me this in an unrelated context a few months ago. It's been stuck in my head, but moreso I think it's a fitting soundtrack for the rest of the story.)

youtube.com

Justice - Stop (Official Video)

Stop, taken from the album “Woman” available on all platforms: https://BecauseMusic.lnk.to/JusticeWoman Subscribe to the channel: http://bit.ly/JusticeChanne...

SBF

@SBF_FTX

Aug 25, 2020

16) Anyway I'll spare you the rest of the plans and drafts and revisions. Because at this point, just based on the public releases, the story kind of tells itself.

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17)

FTX.US goes live, CEO says the crypto exchange has 'tons of liquidity' to offer

Crypto exchange FTX has launched a new trading platform for U.S. users. CEO Sam Bankman-Fried told The Block that the exchange has "tons of liquidity" to offer.

SBF

@SBF_FTX

Aug 25, 2020

18)

Quote Tweet

SBF

@SBF_FTX

Jul 27, 2020

1) This is my fifth and final post about The State of DeFi: PROJECT SERUM Previously: How is DeFi? twitter.com/SBF_Alameda/st Trust and Centralization: twitter.com/SBF_Alameda/st Tonight We are Young: twitter.com/SBF_Alameda/st Doing It Right: twitter.com/SBF_Alameda/st

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19)

Robinhood's former head of crypto joins FTX.US as COO

Sina Nader, the former head of crypto at brokerage firm Robinhood, has joined FTX.US exchange as COO, The Block has learned.

SBF

@SBF_FTX

Aug 25, 2020

20) So anyway, today I'm excited to announce that FTX is acquiring Blockfolio.

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SBF

@SBF_FTX

21) There are the headline numbers, which are big. ($150m!) But more importantly there's the vision for something bigger.

11:11 PM · Aug 25, 2020Twitter Web App

Replying to

22) I'd like to extend a huge thanks to

@EdwardAMoncada

and the @blockfolio team for believing in us. And to everyone who's supported us along the way, and everyone who's with us for the journey forward.

SBF

@SBF_FTX

Aug 25, 2020

23) And to Blockfolio's users, who have been with it through thick and thin: I'm excited about what we have planned. But even more I'm excited for what we'll learn along the way, and where this will end up. So reach out, and tell us what you want. And we'll do it, together.

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