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Brett Harrison - FTX US Former President & HFT Veteran Speaks Out
Dwarkesh Podcast
How Much Does Coca-Cola Spend Per Year on Marketing?
At the time you could see the public public public reported volume on FTX it was something around 15 to 20 billion in notional per day. The take fee would be something like two basis points per trade so if you just did like 20 billion dollars traded per day times two basis points times 365 which because like crypto trades every single day you can get a sense of how much money FTX was making a year. At the time I think the run rate for FTX was something like close to a billion dollars in income and you think okay is 19 million dollars a reasonable percentage of the total income to spend on a very significant important marketing play? It doesn't seem crazy yeah but that's what
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