This Vegan Billionaire Disrupted the Crypto Markets. Stocks May Be Next.

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He’s a 29-year-old billionaire who runs one of the world’s hottest crypto exchanges. Now, Sam Bankman-Fried is taking on the U.S. stock market.

Want to trade Tesla Inc. 24 hours a day? How about betting on how Robinhood Markets Inc. stock will fare in its initial public offering? Or on whether Donald Trump will retake the presidency in 2024?

All that and more is available on FTX, one of the world’s fastest-growing cryptocurrency exchanges—but not if you’re American. In that case, the hottest and riskiest markets of this Hong Kong-based exchange are off limits, a move FTX made to keep from running afoul of U.S. regulators. FTX is the brainchild of Sam Bankman-Fried, a 29-year-old billionaire who sticks to a vegan diet, shares a Hong Kong apartment with roommates and often sleeps on beanbag chairs in the office. The California native drew attention last year when heto a group backing Joe Biden’s campaign, making him the second-biggest CEO supporter of Mr. Biden after Michael Bloomberg, according to an analysis by The Wall Street Journal.

More recently, FTX notched a $135 million, 19-year deal to buy the naming rights to the home of the Miami Heat. The deal—which was approved by the National Basketball Association last week—means the stadium now called the American Airlines Arena will be FTX Arena starting with the 2021-22 NBA season. FTX says the deal is aimed at promoting its smaller U.S. exchange, which offers a less exotic array of products than FTX’s overseas operation.

Cryptocurrencies are increasingly going mainstream. Bitcoin has more than doubled in value this year, and Coinbase Global Inc., one of the biggest U.S. crypto companies,on the Nasdaq Stock Market this week. Depending whom you ask, Coinbase’s market capitalization of $84 billion is either a sign that bitcoin mania has gotten out of hand, or that traditional finance is about to be conquered by disrupters from the crypto world.

 

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what does him being vegan have to do with this jewish billionaire's crypto business?

Oh I am glad you mentioned his diet, very very relevant!!! 🤡

Come on over here

Stay away

Bankman-Fried?

What does his diet have to do with it?

WHY👏🏻DO👏🏻YOU👏🏻HAVE👏🏻TO👏🏻SAY👏🏻HE’S👏🏻VEGAN👏🏻?!?!?!!!!!!

Like the old joke...how long does it take a pilot to tell you they are a pilot ?’... answer ... ‘Hello, I am a pilot!!’...now imagine if they are a vegan pilot ... right there is an epic conflict, what do they tell you first 😂substitute pilot for crypto fiend and it’s 😱😂😂😂

The 1/4 inch-fingernailed-billionaire blah blah blah.

Hi, I'm vegan.

So ur saying I need to stop eating meat and I’ll have fat stacks?

Why do I sense that the well-being and interests of the ordinary people of the world will not be well-served by this individual?

Billionaire? In cryptofictional dollars, huh? Bwaaahahhhaa 😂

Why is it important to know if he is vegan?

wow

vydjones Tokenized stocks sounds interesting

vydjones Is his B12 ok?

vydjones Imagine if he was a Carnivore billionaire...

Why don't you just say FTX, that way we don't have to read your stupid article behind your stupid paywall

F.B.I. 'HUMAN TRASH DAY' scheduled for American F.B.I. officials to get their retirees out of Mexico City, Puerto Vallarta, .John Lewis panicked by this news in Puerto Vallarta.

Pump It Sam

Thanks for taking money out of the US economy every billionaire should do this so inspirational

People need a little more good news now.

I got some Bitcoins to sell. Who want to buy message me.

Yea 'vegan' that explains the low testosterone-unhealthy pale zombie look . The money will afford treatment for health problems that come from sitting hunched in front of a screen all day ..Nothing glamorous about any of this . train wreck

Billionaire who can’t get no 🍑 even if he tried to pay for it lol dweeb

Oh yeah, well show me a billionaire on a juice cleanse.

3L3C70 He also a bit of a dick...

So now we’re pointing out diet types in headlines?

Vegans always find a way to work it into the conversation and in this case a headline

mf name is bank man

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