Eric Richmond

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GC & Head of BD @Shakepay; Co-Founder @TetraTrust; ex-@Coinsquare

HODL #BTC - tweets are my own 🇨🇦

[Eric Richmond @ericrichy]

@JacobRobinsonJD content is getting better and better.

Highly recommend to listen to his @LawofCodeFM podcast on What are Perps to simply understand perps and this trillion dollar per month asset class

[Jacob Robinson @JacobRobinsonJD]

Over a trillion dollars worth of perps are traded every month, yet 99% people have never heard of them.

This @LawofCodeFM episode is a multi-hour deep dive on perps, starting from the history of grain futures in Chicago to Friday's historic @CFTC announcements. It took me months to put this together.

My goal: the internet's most comprehensive explainer on perps.

You'll hear from the world's leading experts on the legal layer of perps; @jchervinsky and @BradBourque of @HyperliquidPC, @BrettHarrison of @Architect_Fi, @kkirkbos, @_Ryne_Miller, @mdf2000 and David Shafer of @coinbase.

By the end of this episode, I promise you'll be in the top percentile for understanding perps, regardless of where you're starting from.

(You just might need to listen twice. There's a lot here.)

Timestamps:

0:00 Intro
4:04 What is a perp @BrettHarrison
7:18 Why futures contracts exist
8:15 Liquidity fragmentation
11:01 History of U.S. futures @_Ryne_Miller
17:08 Richard Nixon, the gold standard and financial futures
21:27 Birth of the CFTC
24:27 Robert Shiller's 1992 paper @kkirkbos
30:09 Price convergence
32:00 The funding rate
43:41 Oracles and manipulation risk
47:39 Are perps swaps or futures?
52:44 A @ChairmanSelig clip on perps
54:02 The DCM framework
59:16 DCMs, DCOs and FCMs explained
1:04:55 History of crypto perps (BitMEX)
1:13:00 How Hyperliquid works
1:25:41 CFTC's historic announcements on May 29, 2026
1:35:00 Fireside with @jchervinsky and @BradBourque of @HyperliquidPC

Nothing in this podcast is legal or investment advice.

[Eric Richmond @ericrichy]

Life update: next week will be my last at @shakepay

Grateful for the people, the mission, and the chance to help bring Bitcoin to more Canadians

Big thanks to @aiouy, @roybrey, and the whole team

I’ll be cheering you on into the Bitcoin Golden Age

More soon…

[Shakepay — Buy Bitcoin 🇨🇦 @shakepay]

“Wen physical card?” 💳

The question you’ve ALL been asking.

After 4.5 years of the virtual Shakepay Visa* Prepaid Card doing work, the physical Shakepay Card is almost here, and we’re launching it with a waitlist game built for shakers who love a little friendly competition!

[Cycles @cyclesmoney]

We’ve raised $8.7M to bring clearing to the masses. Our new round was led by Blockchange to work on the most powerful idea in finance.

It’s not just about moving money faster & cheaper; it’s about moving less while doing more.

[Eric Richmond @ericrichy]

Canada should be 1000% doing this

Two great ideas from @build_canada

[Lucy Hargreaves @lucyhargreaves4]

making it easier to access and use AI tools will help Canadians learn and compete

some great ideas here for:

1. a personal tax deduction of up to $3,000 per year for qualifying AI subscriptions, learning tools, and productivity services

2. a 400% deduction for Canadian businesses on AI expenditures up to $500,000 annually and a 200% deduction for larger corporations on AI expenditures up to $5 million annually

[Eric Richmond @ericrichy]

Canada does not need a CBDC.

We need clear, smart rules that protect investors and unleash private innovation. The Stablecoin Act is a great start. That’s how we win 🇨🇦

Nice job @alextapscott shedding light on this

[Alex Tapscott @alextapscott]

A Canadian CBDC is a bad idea.

We don’t need a state-run digital currency. We need rules that empower private sector innovators to build better alternatives.

A more competitive financial sector will strengthen Canada’s sovereignty, expand consumer choice, and drive economic growth.

The framework exists. Let's implement it.

My latest for the @financialpost

[Eric Richmond @ericrichy]

@JacobRobinsonJD @iampaulgrewal @amandatums Don’t forget Canadian crypto regs 😉

[Tetra Digital Group @TetraDigitalGrp]

CADD has received regulatory approval from the Alberta Treasury Board and Finance and is now live on @base , @ethereum and @tempo

The Canadian dollar is now a global digital currency 🍁

Read more 👇
https://t.co/0beScS3vut

[Eric Richmond @ericrichy]

@aiouy LFG!

[Eric Richmond @ericrichy]

@JacobRobinsonJD YES! Rolling out to all users in the next few weeks

[Eric Richmond @ericrichy]

This is a big one for us 👇

Proud regulatory milestone - now the first crypto trading platform in Canada offering bitcoin-backed loans to customers

[Jean Amiouny @aiouy]

Today we're starting a slow rollout of bitcoin backed loans to customers on @shakepay

Bitcoin backed loans are one of the most requested products since we started.

For those who never want to sell and live on a bitcoin standard, borrowing against your bitcoin is one of the most powerful financial products available.

Products like these are hard to pull off, and Canadians have been underserved for so long. Insanely excited to get this in the hands of all shakers.

[Eric Richmond @ericrichy]

No spread or fees on scheduled bitcoin buys. Stack your sats using @shakepay 🫡

[Shakepay — Buy Bitcoin 🇨🇦 @shakepay]

BIG news Canada 🇨🇦

You can now buy bitcoin with no spread and no fees on Shakepay with scheduled buys.

Shakepay is now the best place in Canada to stack bitcoin.

There’s two ways for you to stack spread-free sats👇

[Jean Amiouny @aiouy]

launching something so needed for canadian bitcoiners today

[Kamil Z @0xKamilZ]

Observations from the @shakepay front lines after a few weeks:

- ​Founders are quietly moving serious capital.
- ​Liquidity strategy is becoming a top-tier priority.
- ​Efficiency > Everything.
- Businesses are looking for Treasury options.

If you're thinking long-term about digital assets in Canada, my DMs are open 🇨🇦

[Eric Richmond @ericrichy]

You can do this with @shakepay

Grow your Bitcoin stack using @shakepay while keeping your USD’s in an account insured up to $1M by CIPF

[Emilie Choi 🛡️ @emiliemc]

Great way to grow your Bitcoin stack with no extra effort.

[Eric Richmond @ericrichy]

Buy Bitcoin from a Canadian owned and operated platform @shakepay

[Mark Carney @MarkJCarney]

We’re buying Canadian, and we’re building Canadian.

[Eric Richmond @ericrichy]

If Canada wants to be a stablecoin leader, we need policies that allow yield to flow to users.

The US is debating stablecoin legislation that would prohibit paying interest, yield, or “rewards” to holders.

Yield doesn’t disappear - it gets kept by issuers instead of being shared with the people actually using the stablecoin.

[Brian Armstrong @brian_armstrong]

After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.

There are too many issues, including:

- A defacto ban on tokenized equities
- DeFi prohibitions, giving the government unlimited access to your financial records and removing your right to privacy
- Erosion of the CFTC’s authority, stifling innovation and making it subservient to the SEC
- Draft amendments that would kill rewards on stablecoins, allowing banks to ban their competition

We appreciate all the hard work by members of the Senate to reach a bi-partisan outcome, but this version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft.

We'll keep fighting for all Americans and for economic freedom. Crypto needs to be treated on a level playing field with the rest of financial services so we can build this industry in a safe and trusted way in America.

[Eric Richmond @ericrichy]

This is why sound money matters. Over 20 countries are experiencing inflation over 10% and some are seeing their fiat money going to zero.

Bitcoin changes this by removing government control over the supply of money.

Get off zero with @shakepay and start earning sats today

[Daniel Sempere Pico @dansemperepico]

Bitcoin is up 2,653% in Iranian Rials because the currency is collapsing.

Iranians who held bitcoin preserved their wealth.

Iranians who trusted their currency lost 96%.

Everyone deserves money their government can't destroy.

[Jean Amiouny @aiouy]

🔷 Introducing new statuses: Base, Bright, & Blue

Blue brings together our highest benefits
💳 1.5% unlimited cashback
💱 0% FX fee on your card
💰 3% interest on your cash
📱 Up to 500 sats/day when you shake
✨ Priority support

Earn status by buying bitcoin or sending your paychque to @shakepay

[Eric Richmond @ericrichy]

@shakepay