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SBF

@SBF_FTX

Aug 15, 2021

1) Alright guys it's time to talk about @HuobiGlobal! twitter.com/HuobiGlobal/st

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SBF

@SBF_FTX

2) But as it turns out, Huobi reports 2x their futures volume: they report both the buy and sell side of each trade. So if 1 BTC future traded, they'd report about $90,000 worth of volume. (C'mon!) Their *spot* volume, on the other hand, *doesn't* double-count.

1:17 PM · Aug 15, 2021Twitter Web App

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3) The revenue etc. are the same (reading from July). But the volume was actually closer to $15B/day, and the take rate was actually closer to 0.025%. And Huobi's % of market volume is closer to 15% than 25%.

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and

similar to how uniswap calculates volume by summing up every leg in a route

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yep, and they have no intention of fixing this

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You bring very good insights from the core of the business you run, but doubt other platforms like the idea of you playing the role of an "judge". Hope your clarity don't backlash on you, but nice that you inform us.