REPRESENTS A WEEKLY INCREASE
OF 13 PERCENT AND 21% OF THE 3
ADDRESSES OUR IN THE MONEY IN
THAT SIGNIFICANT INCREASE OF
74%.
>> ALL RIGHT GUYS WELL JUMPING
RIGHT INTO TODAY SHOW BITS THAT
IS THE WORLD'S LONGEST RUNNING
BITCOIN TICKS CHANGE AND
EUROPE'S LARGEST BY TRADING
VOLUME AND THIS WEEK THAT STAMP
ANNOUNCING IT WILL BECOME
EXCHANGE LAUNCH PARTNER FOR S P
N AND LEVERAGED BY SILVER GATE
BANK WITH US NOW IS ARE HARD
2 IS THE HEAD OF US OPERATIONS
FOR PITS AND CONTRIBUTE TO HAVE
YOU WITH US TODAY, THANKS SO
MUCH BRAD GRADUATIONS ON THIS
PARTNERSHIP IS WELL
I EXPLAINED WHAT THAT STAMP HAS
LAUNCHED WITH SILVER GATE, SO
SILVER GATES
BEEN GREAT A VOICE FOR YEARS
AND THEY'RE REALLY CENTRAL TO
THE CRYPTO CURRENCY BECAUSE THE
LARGEST BANK. IN THE AND FOR US
IT'S WORKING ON WAYS THAT WE
CAN PROVIDE MORE INSTITUTIONAL
ON RAMPS.
FOR INSTITUTION CLIENTS, THE ON
RAMPS AND WITH THIS PRODUCT
RIGHT NOW IT'S GOING TO IT'S IN
A PILOT FEES WITH A NUMBER OF
SELECT CLIENTS WERE LOOKING FOR
MORE PARTNERS AND WENT OUT
THERE WANTS TO LOOK WITH US TO
PILOT THIS REACH OUT PLEASE
REALLY WHAT WE'RE LOOKING TO DO
IS BE ABLE
TO PROVIDE AND EASIER ON THEM
FOR CLIENTS, SO THEY CAN GET
LEVERAGE INSTITUTIONAL LEVER.
INSTITUTIONAL WAY TO
DO THAT.
>> WHAT DO YOU SAY THAT THIS
PARTNERSHIP FOR THIS
ANNOUNCEMENT RATHER IS
A LITTLE MORE NARROWLY FOCUSED
ON PEOPLE ALREADY IN THIS CASE
IF YOU SEE SOME KIND OF BRIDGE
BETWEEN
TRADITIONAL 5 AND AND DIGITAL
FINANCE OR CRYPTO IF YOU WITH
PARTNERSHIP.
>> AT THE START IS FOR PEOPLE
THAT ARE PROBABLY ALREADY IN
THIS CASE, BUT
THIS IS ONE BUILDING BLOCK AND
I THINK THAT'S WHAT YOU'RE
SEEING A LOT OF
WHERE THE INFRASTRUCTURE NEEDS
TO BE BUILT AND THIS IS ONE
STEP TO DO THAT SO IT'S KIND OF
ALMOST LIKE A TRADITIONAL PRIME
BROKERAGE MODEL THAT WE'RE
TRYING TO CREATE
HERE WHERE TURN INSTITUTIONAL
CLIENT YOU HAVE AN ACCOUNT WITH
SILVER GIVEN KEPT ITS STAMP YOU
COULD COME IN AND GET LEVERAGE
AND WE'RE TARGETING AGAIN
AT THE START 9 US INSTITUTIONAL
CLIENTS, BUT WE ARE LOOKING TO
EXPAND THAT
FOR US INSTITUTIONS ARE IN THE
FUTURE OK SO DEFINITELY WANT TO
GET THAT RIGHT THEN
INSTITUTIONAL CUSTOMERS LOOKING
TO TRADE WITH LEVERAGE
COLLATERAL A COLLATERAL
BUY BITCOIN SO WHY IS THIS KIND
OF TRADING PICKING UP STEAM
RIGHT NOW, YEAH SO YOU'RE
SEEING A LOT OF DERIVATIVES
MARKET PLACE'S COME OUT CME
THAT'S OFTEN OPTIONS FUTURES
I THINK AGAIN OUR VIEW IS THAT
YOU NEED TO MERGE
URGE YOU KNOW CRYPTO FIRST
COMPANIES AND TRADITIONAL
FINANCE AND WE ARE AT THE
CENTER OF TRYING TO DO THAT
BECAUSE A LOT OF INSTITUTIONAL
PLAYERS WANT AN INFRASTRUCTURE
THAT LOOKS AND FEELS VERY
SIMILAR TO WHAT THEY
ARE YOU SOMEWHAT THEY'VE BEEN
TRADING AND OTHER ASSET CLASSES
LIKE EQUITIES FIXED INCOME TAX
FOR YEARS. SO I THINK AGAIN
THIS IS ONE WAY TO DO
THAT AND IT WILL TAKE A LONG
TIME TO GET THERE, BUT I THINK
THERE'S MORE INTEREST LEVERAGE
PRODUCTS.
>> THAT POINT THE LATTER ALL
SOUNDS RISKY IS IT RISKY.
>> IT IS IT IS AND THAT'S WHY
AGAIN WE'RE STARTING WITH 9 US
INSTITUTIONAL CLIENTS IS NOT
AVAILABLE TO RETAIL. WE ARE
VERY VERY AWFUL AROUND CONSUMER
PROTECTION. WE HAVE ALWAYS
BEEN THE PROBABLY THE MOST
CONSERVATIVE EXCHANGE OUT THERE
ARE REGULATED IN NEW YORK BY
YOUR TIP FAST
WE'RE BIT LICENSED ENTITY
REGULATED OUT OF LUCK SIMMERED
IN EUROPE BY THE CSF SO WE TAKE
ALL THAT
VERY SERIOUSLY AND YOU KNOW WE
WANT TO PROVIDE PRODUCTS FOR
THE APPROPRIATE KLEIN, SO WHAT
DO YOU THINK THERE ARE SO
MANY INSTITUTION, THIS RIGHT
NOW THAT ARE LOOKING TO DIVE
INTO SOME SORT OF PLAY IN
BITCOIN
OR CRYPTOCURRENCY ESPECIALLY AT
A TIME WHERE WE CAN SEE NEW
ALL-TIME HIGHS ON THE EQUITY
MARKET. YEAH, SO I THINK
THERE'S A COUPLE THINGS I THINK
PEOPLE ARE LOOKING AT IT AS A
MACRO HEDGE OBVIOUSLY WITH
EVERYTHING ON THE MIDDLE EAST
AND GLOBALLY I ALSO THINK YOU
KNOW GIVEN WHERE FIXED INCOME
PRODUCTS ARE YIELDING RIGHT NOW
YOU'RE SEEING MORE YOUR
PRODUCTS AND I ALSO THINK IT'S
KIND OF A WAY TO GET VENTURE
BATS. YOU KNOW IN TERMS OF
ACCREDITED INVESTORS NOT HAVING
ACCESS. SOME PRIVATE MARKETS
I THINK CRYPTO IN GENERAL AND
DICK WHEN SPECIFICALLY KIND OF
OFFERS THAT OPPORTUNITY FOR THE
MILLENNIAL SEGMENT. SO I THINK
THAT'S WHY THERE'S RENEWED
INTEREST I ALSO THINK THE PRICE
ACTION WE'VE SEEN YEAR TO DATE
NOW
IS SHOWING. WE HAVE THE BENEFIT
OF CRYPTO AND ALSO BEEN AROUND
NOW DECLINED FOR OVER 10 YEARS
I THINK THE LONGEVITY OF THEM
ASSET CLASSES REALLY IMPORTANT.
>> GOING BACK TO THE FOCUS ON
THE INSTITUTIONAL PLAN.
DO YOU SEE A DAY
THIS YEAR.
>> OR IN THE MIDDLE TO LONG IN
THE MIDDLE
TERM FUTURE WHERE YOU TO OPEN A
SIMILAR PRODUCTS
TO REACH BE IT A LITTLE BIT
DIFFERENT BUT OBVIOUSLY I THINK
ABOUT THE CRYPTO LATTER IPHONES
THAT BLOCKED
BY OFFERS. I MEAN IT IS LIKE
YOU SAY IT IS RISKY AND FOR
GOOD REASON THAT FOCUSED
ON INSTITUTIONS. WHAT WOULD GET
US THERE BECAUSE OBVIOUSLY THAT
POINT AND THERE ARE OTHER CUP.
OBVIOUSLY THAT POINT IS
VOLATILE BUT WE SEE
CONSISTENTLY HIGHER HIGHS EVERY
SINGLE YEAR. AND HE SAID IT'S
NOW MORE THAN 10 YEARS OLD SO.
WHAT. WANT TO BE AN
APPROPRIATE TIME.
>> YEAH I THINK REGULATION
OBVIOUSLY SOME OF PROTECTION IS
REALLY IMPORTANT SO GETTING
MORE CLARITY AROUND THAT RIGHT
NOW CRYPTO IT IS
SOMEWHAT UNREGULATED I'M IN
THIS MARKET, SO I THINK IF WE
COULD FIND A OR TO DO SOMETHING
LIKE THAT IN THE
APPROPRIATE MANNER, PROVIDING
THOSE CONSUMER PROTECTIONS WE
WOULD LOOK TO DO IT I THINK
IT'S A REALLY REALLY INTEREST
AND
THEY WILL OFFER PEOPLE WHO ARE
CRYPTO ON IT CHANGE INTEREST.
I THINK WE WOULD LOVE TO DO IT
THAT FIGURE OUT THE RIGHT WAY
TO STATES BUT WHAT'S YOUR
OUTLOOK FOR REGULATION AROUND
CRYPTO AS A WHOLE AND
20 TIME. YEAH, I THINK I'M
READY TO REALLY ESCAPE IS
BECOMING A LITTLE BIT CLEARER.
I WE READ WORK REALLY CLOSELY
WITH REGULATORS HAND IN HAND
AND WANT TO SEE MORE CLARITY
THERE I THINK WE
REALLY HAPPILY SURPRISED AT HOW
MUCH THE REGULATORS BEEN
REACHING OUT SO I THINK YOU
KNOW SOME OF THE SOUTH AT THE
SEC HAS PUT OUT
RECENTLY SOME OF STUFF IN YOUR
TFSA HAS PUT OUT RECENTLY
AROUND TO THE LAST LISTING
FRAMEWORK, IT'S BEEN REALLY
POSITIVE. SO WE'RE WE'RE HAPPY
TO SEE THAT I THINK ONE OF THE
REASONS IT'S AND HE HAS BEEN SO
SUCCESSFUL IS THAT WE ACTUALLY
EMBRACE RIGHT WE CAME INTO US
MARKET BECAUSE WE WANTED TO BE
UNDER REGULATED ENTITY. WE'RE
REGULATING YORK FOR THAT REASON
SO
I THINK I'M LIKE MAYBE SOME OF
OUR COMPETITORS WE WANT TO MAKE
SURE THAT OUR CLIENTS ARE
PROTECTED APPROPRIATELY.
SO THAT'S ONE OF THE REASONS
WHY WE'VE ENTERED THE US SO I
THINK WE'VE BEEN HAPPY WITH THE
US MILITARY FIREMEN.
>> I THINK IT'S GETTING BETTER
EVERY DAY WHAT
IS THAT.
>> REGULATORY ISSUE THAT IS
MOST INTERESTING TO YOU WERE
CLOSEST TO YOUR HEART THEY ARE
FOLLOWING
THIS YEAR.
>> I THINK FOR ME IT'S GOING TO
BE AROUND KIND OF LISTING
POLICIES
AND REALLY YOU KNOW THE I C O
CRAZE OF 2017 WE DID NOT
PARTICIPATE IN THAT WE AGAIN
ARE
RELATIVELY CONSERVATIVE 5
ASSETS ON PLATFORM THAT WE FEEL
REALLY STRONGLY OR ARE NOT
SECURITIES BUT I DO THINK
THERE'S GOING TO
CONVERSATION AROUND THAT THIS
YE