Meet Sam Bankman-Fried the 30 year old founder of FTX (No. 3 crypto exchange) who is dedicating his life completely to making money and giving it away. Sam is an altruist worth $20 Billion.
“Bankman-Fried has set his sights on the U.S. market, which is dominated by Coinbase Global Inc. He wants to offer cryptocurrency futures, swaps, and options, which he sees as a potential $25 billion-a-day market. If he succeeds in taking over crypto, the mainstream finance industry is next. “We’re sort of playing in the kiddie pool,” Bankman-Fried says. “Ideally, I would want FTX to become the biggest source of financial transactions in the world.”
Read this incredibly interesting story about how Sam got started, here on Bloomberg.
Disc: I don’t hold crypto