Building an Arbitrage Infrastructure for Traders, FULL EPISODE with Sam Bankman-Fried, CEO of FTX

Ash Bennington, senior crypto editor for Real Vision, welcomes Sam Bankman-Fried, CEO of FTX, to discuss Alameda Research, the founding of FTX, the Serum Project, and the future of crypto and blockchain technologies. In 2017, Bankman-Fried saw how market makers were not that active-the sector was going wild with very little liquidity, and few people were doing arbitrage market making. In other words, a large purchase of Bitcoin on one exchange would cause the price to go up, yet the price increase would not be reflected on other exchanges. The lack of consistent price changes across exchanges opened the door for arbitrage, which resulted in users trading at larger volumes than liquidity providers could handle. In order to solve this issue and allow arbitrage to be executed at more sophisticated levels, Bankman-Fried started FTX. Filmed May 24th, 2021.
Key Learnings: Theoretically, all Bitcoin should be trading at the about the same price, and market makers, liquidity providers, and arbitragers are typically the systems that keep those prices in line. By doing arbitrages, markets become more efficient by providing liquidity to wherever demand is coming from. Back in 2017, not only were there issues dealing with banks, but also with exchanges that were not professionally made-these issues often led to the point where people, not programs, were managing liquidations, which could ultimately lead to millions of dollars a day in "bleed". As such, Bankman-Fried believed that there had to be a better way for trades to be conducted and created FTX as a platform designed by traders for traders.
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FTX: Building an Arbitrage Infrastructure for Traders
The Interview - Crypto | Featuring Sam Bankman-Fried and Ash Bennington
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[@ocox8659]

This did not age well 😅

[@RR-et6zp]

alright

[@RealVisionCrypto]

Hello Visionaries! If you liked this FULL EPISODE, be sure to check out even more great content on our website.
Let us know who you want to see next!

[@hadronoftheseus8829]

How about a prison interview?

[@AldinJamal]

Incredibly entertaining! I found myself giggling like a 5 year old. What an incredible time to be alive. Haha this is great! I will definitely be saving this video.

[@BlissLovePeace]

Have you saved this video?

[@CryptoPowerTalk]

This high value interveiw deserves to be on the main channel RVF. Its by far my favourite Real Vision Interveiw.

[@siddharthbirdi]

"The gang goes bankrupt"
:Its always sunny music plays:

[@healthygrowth7760]

It definetly does now

[@anthonyolivieri329]

haha you fool @crypto power talk

[@markus27183]

really now?

[@davidwelty9763]

In every on line interview Sam does he is always tweaking. Looks like he’s high.

[@michaelpuett6358]

'this is what happens in a tiny industry that comes up overnight, you get accidental billionaires that didnt have to go through an evolutionary process' --> sams words not mine

[@sharonkhan5458]

How can I get into the process of trading is it costly I am 53 a single mom trying to make some income I am from Trinidad and Tobago

[@AbuMusabAlZarqawi-v6x]

“Annnnnnnnnnndddd its gone, whoops guys”🤔

[@bgrobbins]

the biggest gap in crypto is for IRA support. very few options to buy crypto with IRA money, and the fees are outrageous. and there is no way to stake crypto purchases with IRA money.

[@TheHootanic]

Won't age well

[@atesinsan]

Ash, can you speak to CEO of RedFOX Labs, Ben Fairbank (AKA BitcoinBenny) about the metaverse cross chain infrastructure they are building?

[@DomiD666]

Great interview 🙂
Odd editing with the loop at tc back to the beginning of the interview 🙃

[@RealVisionCrypto]

Thanks for letting us know. Should be fixed soon!

[@bakermilton98]

Now this is masterful! 🤝

[@PayItForwardYT]

Sure was.....

[@BlueChippy]

Guys can trade is smart but says Um 247

[@relaxingnaturevideos1203]

It’s not smart when you „arbitrage“, as in acting as insider market maker and liquidator for the exchange. It’s criminal.

[@beamerUSA]

I bet Sam is shaking his right leg up and down.

[@juangonzalez4376]

Uknow uknow uknow you know???
Yeah we all NOW KNOW lol

[@crisby1312]

i feel for you at the moment Sam with all this witch hunting going on

[@dryowjt]

Ash used the word "F***ing" !

[@BlissLovePeace]

yeah ... that guy will go to jail for a few decades ... easily ...

[@AJvanuw]

Surreal that he’s talking about risk measures when his firm was going to blow up in 5 months

[@dominic8486]

Sam w the new mic

[@s-tawa4298]

This video is going to age and most people will learn from it. How to spot a con man!

[@junewelford9475]

Excellent, great interview 👍. Been following Sam, he's incredible. FTX is the way to go.
Thanks Ash you've done a wonderful job.

[@sCommeSylvain]

Way to go bust 🤣

[@healthygrowth7760]

Yaaayyyyy

[@petermullens770]

too bad it was a scam

[@bgrobbins]

other than the unnecessary profanity I thought the interviewer did an excellent job. asked all the right questions.

[@ocmuffler]

There's always a Nancy present

[@MsWorldMine]

LOL

[@lionelshaneyfelt5607]

Sam is a freaking legend.

[@beamerUSA]

He is being promoted by a very strong group which is promoting the cryptocurrency.

[@progfan234]

This comment hasn't aged well :)

[@healthygrowth7760]

Legendary fail?

[@BlissLovePeace]

legend? criminal as it turns out ...

[@PayItForwardYT]

🤣

[@wonderLibra82]

SCAMMER

[@downwithosama1]

You called it