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Sam Bankman-Fried and Matt Levine on How the Crypto Market Really Works
Odd Lots
Is F T X Really a Derivatives Exchange?
F t x is one of the biggest crypti exchanges, and that it's a particularly, like, a derivatives and structured product focus crypto. More than half our volume historically has been derivatives. i thusditious us became much more transparent and played a much more devastating role when they tried to manage ina margin ind derivatives rather than spall products.
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