id author title date pages extension mime words sentences flesch summary cache txt www-nytimes-com-4388 Crypto Nomads: Surfing the World for Risk and Profit - The New York Times .html text/html 3334 205 70 Sam Bankman-Fried's cryptocurrency exchange, FTX, now has one million users and handles as much as $20 billion a day in transactions.Credit...Lam Yik Fei for The New York Times Mr. Bankman-Fried is a crypto nomad: One of a group of industry leaders who once lived in the United States or Canada and have since set up companies with bases of operation where they are to some degree beyond the reach of American regulators. The highly leveraged form of trading these platforms offer has become so popular that the overall value of daily purchases and sales of these derivatives far surpasses the daily volume of actual cryptocurrency transactions, industry data analyzed by researchers at Carnegie Mellon University shows. Trading data provided to The Times also shows that billions of dollars' worth of investments from customers with ties to the United States have moved to at least one of these global sites, despite the ban. ./cache/www-nytimes-com-4388.html ./txt/www-nytimes-com-4388.txt