Sam Bankman-fried Crypto Projects

Sam Bankman-Fried is the CEO of the crypto trading firm Alameda Research and the founder of the decentralized exchange (DEX) FTX. He is also a well-known figure in the crypto industry and is widely regarded as one of the most successful and influential traders in the space.

Alameda Research is one of the largest market makers in the crypto industry, and its flagship trading platform, FTX, is known for its high trading volumes and liquidity. The platform offers a wide range of trading pairs and derivatives, including futures and options, making it popular among institutional and retail traders alike.

In addition to FTX, Sam Bankman-Fried and his team at Alameda Research have also been involved in a number of other crypto-related projects. These include:

Serum: A decentralized exchange (DEX) built on the Solana blockchain that aims to offer fast and low-cost trading for crypto assets.

TokenSets: an automated crypto trading portfolio using smart contract that allows users to purchase baskets of assets based on various criteria.

Alameda Research: A quantitative trading firm that uses artificial intelligence and machine learning techniques to trade on various markets including crypto.

Sam Bankman-Fried is also known for his philanthropy efforts through his non-profit organization called the "the Giving Block", which helps other nonprofit organizations to accept cryptocurrency as donations and provides them with education on crypto and its potential use case as fundraising tools.

Overall, Sam Bankman-Fried has established himself as a key player in the crypto industry and has had a significant impact on the development and growth of several crypto-related projects.

FTX - Crypto Derivatives Exchange

What is FTX 

FTX is a cryptocurrency derivatives exchange that was launched in 2019. The exchange offers a wide range of trading products, including futures contracts, perpetual swaps, and options on a variety of cryptocurrencies. The platform is known for its high trading volume and liquidity, as well as its user-friendly interface and advanced trading features. Some of the notable features of the platform include high leverage, low fees, and a fast, responsive trading engine.

FTX is also known for its innovative approach to cryptocurrency trading, which includes creating and listing tokens that track the performance of various indices, such as the price of Bitcoin or the top 100 cryptocurrencies by market capitalization. These tokens, known as "futures tokens," allow traders to gain exposure to the underlying assets without having to own them outright, and are bought and sold on the FTX exchange like any other cryptocurrency.

In addition to its trading platform, FTX also offers other services like OTC trading for large block trades, institutional lending and borrowing , and leveraged spot trading.

FTX is based in the Cayman Islands and is registered with the Cayman Islands Monetary Authority (CIMA).

FTX is a cryptocurrency derivatives exchange that was launched in 2019. It is based in the Cayman Islands and is known for its futures and leveraged tokens trading options. The exchange offers trading in a wide range of crypto assets, including Bitcoin, Ethereum, and a variety of altcoins. One of the main advantages of FTX is its focus on providing a robust and reliable trading platform that is suitable for both professional and retail traders.

FTX offers a number of different trading products, including futures contracts, leveraged tokens, and spot trading. The exchange also has a perpetual futures contract product that allows traders to trade with leverage without needing to worry about expiry dates. Additionally, FTX has introduced unique trading options like volatility trading and leveraged tokens trading.

The exchange is known for its advanced trading features, such as its liquidation engine, which helps to prevent traders from losing more than the value of their account, and its real-time risk management system, which automatically liquidates underperforming positions.

FTX has a reputation for providing top-notch security for its users. They make use of a robust security infrastructure that includes offline storage of the majority of digital assets and use of multi-sig wallets. It also implements strict KYC/AML measures to prevent any fraudulent activities

In terms of fees, FTX charges low trading fees, with the highest being 0.02% and typically being around 0.02%. It also charges withdrawal fees which varies by currency.

Overall, FTX is considered as a professional-grade trading platform that is suitable for experienced traders looking for advanced trading features and a wide range of trading optionFTX offers a feature called "rolling" that allows traders to extend the expiration date of their futures contracts. This feature is useful for traders who want to hold a position for a longer period of time and avoid the expiration date of their futures contract.

When a futures contract expires, the trader is forced to close their position or take delivery of the underlying asset. However, by using the rolling feature, the trader can extend the expiration date of their contract and continue to hold their positio

FTX rolls 

To roll a futures contract on FTX, the trader must place a new order to open a new contract with a later expiration date. The trader will also need to close their existing contract and pay any associated settlement costs. Once the new contract is open, the trader can continue to hold their position and take advantage of any price movements in the underlying asse

It's important to note that the price of rolling will depend on the underlying asset, position size, and the duration of the roll. Additionally, FTX may charge a roll fee for this service which can var

It's also worth noting that FTX allows users to trade perpetual contracts with its perpetual futures product which allows traders to trade with leverage without needing to worry about expiry date.