Conversation

Jul 30, 2021

The beautiful thing is that if this becomes a trend for FTX and Bybit as well, this activity will slowly start moving into DeFi perps. And when that happens, they will actually be ready to scale and handle massive volumes. DeFi has always been about freedom and regulatory arb

327

Larry Cermak

@lawmaster

Jul 30, 2021

Generally, though I'm still not convinced whether this will actually affect other exchanges quickly. It seems pretty obvious so far that Binance has been the main target. But eventually this is inevitable anyways

Replying to

what is 'this'?

Replying to

Countries limiting retail to access derivatives. And if they do allow it, it will become much much more restricted (like leverage)

SBF

@SBF_FTX

Replying to

@lawmaster

I'm not sure that's inevitable

10:11 AM · Jul 30, 2021Twitter Web App

Replying to

and

in a year, do you think more or less of the world's GDP will have access to crypto exchange futures products?

Replying to

and

In 5 years.

Replying to

and

GIF

read image description

ALT

Replying to

and

Of course not, it's not convenient for FTX to remove gambling. They make good money from it.

Replying to

and

Yeah the world constantly becoming more financialized. Retail knowledge and demand growing for these products and institutions want to give them access. Gov’ts should regulate but not deny access

Show more replies