177: Sam Bankman-Fried – Leaving Wall Street, Entering Crypto Chaos

Chat With Traders

Tessa Dao

Education, Business, Investing

4.9 • 2.3K Ratings

🗓️ 22 July 2019

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode features Sam Bankman-Fried, who’s trading skill originated from 3-years at Jane Street—a proprietary trading firm renown for being one of the world’s largest ETF liquidity providers. In late-2017, Sam relocated to Hong Kong and began his foray into the cryptocurrency market when he co-founded Alameda Research. Alameda trade a range of quantitative strategies—such as statistical arbitrage and market making—which are mostly automated, but with a layer of human intervention. Within 2-years Alameda has grown to a point, where each day, it does approximately one billion dollars of turnover across 35 exchanges, accounting for somewhere near 5% of global crypto volume. Sam and I got to discuss many aspects of how Alameda operate and how his team have found lucrative opportunity amongst a chaotic environment… Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Chat with traders is brought to you by Trade the Pool.
0:03.6	Is a lack of buying power, capital, or fear of losing your own money, preventing you from
0:08.8	taking your trading to the next level?
0:11.0	Trade the Pool is an online stock trading prop firm that funds stock traders.
0:16.3	You show them your skills, trade their capital, and keep your profits.
0:20.8	You can trade any stock or ETF in the US markets.
0:23.5	The process is simple.
0:24.8	Pay for an evaluation fee, pass the evaluation, and get funded.
0:29.0	Visit tradethepool.com-forge-chat to learn more.
0:35.7	Discover Tasty Trade, a high-performance online trading platform.
0:40.1	Experience speed, reliability, and security while trading stocks, options, futures, and cryptocurrencies
0:46.0	on desktop, web, or mobile.
0:48.1	Empower yourself with exceptional tools and resources to confidently seize opportunities.
0:53.6	Visit TastyTrade.com-cwt.
0:57.7	TastyTrade, previously known as TastyWorks, is a registered broker-dealer and member of
1:02.8	FINRA, NFA, and SIPC.
1:09.6	Markets, speculation, and risk.
1:12.5	This is the Chat with Traders podcast hosted by Aaron Feifield.
1:17.1	Hey, what's up?
1:19.2	Aaron Feifield here.
1:20.5	This is episode 177.
1:23.3	I'd like to introduce you a special guest of mine, Sam Bankman Fried.
	...

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