When you realize SBF expanded FTX into what Coinbase was assumed to be pursuing, it makes you wonder if that was ever even possible for a US based exchange.
Some key details: - Service expected to roll out to all users in US over the next couple months - Users will not have to pay commission fees to trade - Orders will be routed to Nasdaq (FTX US is not relying on payment for order flow) - Users can fund their accounts w USDC
SBF strategy: 1. launch an off shore synthetic product 2. buy a stake in a US potential competitor 3. launch your own Crypto riches evolve into new incumbents, more so than fintechs that get into crypto for revenues https://www.wsj.com/...