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  "documentTitle": "Race capital investment FTX",
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      "text": "Race Capital",
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      "text": "Massive market\nWhile much of the emphasis is placed on the spot markets (Coinbase & Binance) the futures market is as equally large as the spot market.",
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      "text": "On July 25th, 2019 the total spot market volume was $10B per day and the total futures market was $11B per day. However in the futures market there are many fewer players with the top three (Bitmex, Huobi, OKEx) regularly driving 3x more trading volume vs. their spot market equivalents.",
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      "text": "October 2017, manages over $100 million in digital assets, and trades between $600M-$1.5B per day across thousands of products. This includes all the major cryptocurrencies as well as their derivatives.",
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      "text": "Founder product fit\nThe founder and CEO of FTX, Sam Bankman-Fried, loves trading. Sam has a large following of people who watch him live trade, trading is all Sam talks about, and Sam is constantly engaging with new traders in all of the community forms of FTX.",
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      "text": "Because of FTX's trading expertise, founder market fit, and early traction - FTX has a chance to become the #1 derivatives exchange in the world for the crypto market.",
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