content & retail growth @extendedapp · prev @DefiantNews · views are my own
Joined March 2018
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Pinned Tweet
I've joined @extendedapp to lead content and retail growth.
After six years in the trenches chasing the meta of the week and writing about it for @DefiantNews, I'm ready to build.
Having traded on nearly every perp DEX since the earliest viable ones emerged in 2019, I've always felt that perpetuals would become the preferred instrument for retail speculators because they are both simple to understand and offer high leverage.
I've been using Extended for over a year, and the platform has come a long way, most recently with the rollout of RFQ markets. After talking with @rf_extended and @anastasiiabln, I'm convinced that the team is building a world-class venue for trading any asset with a ticker, and I'm stoked to help drive the next phase of growth.
Let's cook.
yyctradΞr retweeted
The day is here! Welcome officially to @Arc, @Extendedapp!
Extended is now Arc native. Excited for the next chapter, and looking forward to working with @jerallaire and the @circle team on a wide range of opportunities.
yyctradΞr retweeted
Outstanding to see this very high-performance trading venue fully migrated onto Arc as its native platform.
Arc 🤝 @extendedapp
Extended is now fully migrated and live on Arc.
USDC collateral. cirBTC as BTC collateral.
Now live on Arc.
yyctradΞr retweeted
Extended is now Arc native. Excited for the next chapter, and looking forward to working with @jerallaire and the @circle team on a wide range of opportunities.
Mid-flight engine replacement complete✅
Shoutout to our chad engineers led by @dk_extended & @spooky_x10 for landing the plane with GitHub on fire, and to the @arc team for the runway.
Zero trading downtime on a volatile day.
Extended now settles on @arc.
The migration of $120 million in TVL is complete, with open positions and orders carried across. Trading continued throughout the process.
What this means for our users:
• Faster deposits and withdrawals, leveraging Arc’s sub-second finality.
• Native USDC transfers through Circle’s CCTP.
• cirBTC is now the BTC collateral asset.
Deposits and withdrawals are open again.
yyctradΞr retweeted
Extended becoming Arc native. Trade anything. This is a very exciting launch.
Extended moves to @arc on Thursday.
Settlement migrates from Starknet to Arc on October 22 at 13:00 UTC. The migration is planned with no interruption to trading. Positions can still be liquidated during this time, so top up margin beforehand. Transfers between sub-accounts stay open.
Most accounts need to do nothing. Your account, sub-accounts, positions, orders, history, points and keys carry across unchanged. USDC migrates as native USDC, ETH migrates 1:1 as wETH, and Vault (XVS) balances and withdrawal rights are preserved.
If you hold more than $1 of USDT or wBTC in any sub-account, you must act by 12:00 UTC on October 21:
- Authorise the conversion in-app. USDT converts to USDC and wBTC to cirBTC at 1:1 during the migration, with no swap fees. Extended credits a 0.50% premium.
- Or withdraw both assets.
If you miss the deadline, your whole account will be restricted for up to 30 minutes on October 21 while Extended cancels orders, closes positions in the affected sub-accounts at mark price with no fees, and returns your USDT and wBTC to your login wallet.
Deposits and withdrawals will be paused for up to 2 hours during the migration.
Full details can be found in the documentation: docs.extended.exchange/about…
yyctradΞr retweeted
See you on @Arc soon!
Extended moves to @arc on Thursday.
Settlement migrates from Starknet to Arc on October 22 at 13:00 UTC. The migration is planned with no interruption to trading. Positions can still be liquidated during this time, so top up margin beforehand. Transfers between sub-accounts stay open.
Most accounts need to do nothing. Your account, sub-accounts, positions, orders, history, points and keys carry across unchanged. USDC migrates as native USDC, ETH migrates 1:1 as wETH, and Vault (XVS) balances and withdrawal rights are preserved.
If you hold more than $1 of USDT or wBTC in any sub-account, you must act by 12:00 UTC on October 21:
- Authorise the conversion in-app. USDT converts to USDC and wBTC to cirBTC at 1:1 during the migration, with no swap fees. Extended credits a 0.50% premium.
- Or withdraw both assets.
If you miss the deadline, your whole account will be restricted for up to 30 minutes on October 21 while Extended cancels orders, closes positions in the affected sub-accounts at mark price with no fees, and returns your USDT and wBTC to your login wallet.
Deposits and withdrawals will be paused for up to 2 hours during the migration.
Full details can be found in the documentation: docs.extended.exchange/about…
yyctradΞr retweeted
Extended moves to @arc on Thursday.
Settlement migrates from Starknet to Arc on October 22 at 13:00 UTC. The migration is planned with no interruption to trading. Positions can still be liquidated during this time, so top up margin beforehand. Transfers between sub-accounts stay open.
Most accounts need to do nothing. Your account, sub-accounts, positions, orders, history, points and keys carry across unchanged. USDC migrates as native USDC, ETH migrates 1:1 as wETH, and Vault (XVS) balances and withdrawal rights are preserved.
If you hold more than $1 of USDT or wBTC in any sub-account, you must act by 12:00 UTC on October 21:
- Authorise the conversion in-app. USDT converts to USDC and wBTC to cirBTC at 1:1 during the migration, with no swap fees. Extended credits a 0.50% premium.
- Or withdraw both assets.
If you miss the deadline, your whole account will be restricted for up to 30 minutes on October 21 while Extended cancels orders, closes positions in the affected sub-accounts at mark price with no fees, and returns your USDT and wBTC to your login wallet.
Deposits and withdrawals will be paused for up to 2 hours during the migration.
Full details can be found in the documentation: docs.extended.exchange/about…
yyctradΞr retweeted
updated my site with live liquidity for nasdaq/spy indexes for @extendedapp (fixed) looks pretty competitive here
view the site: app.hyperliquid-tools.xyz/li…
get 10% off trading fees with app.extended.exchange/join/M…
The Final Arc: Week 1 Update
$1.07B traded across 310 markets from October 6 till 13.
- 3,613 active traders
- 200 new users made their first trade on Extended
- RWA markets took 24.8% of volume
The competition ends on November 2, with a prize pool of 250K USDC and 750K Xpoints.
yyctradΞr retweeted
every EU trading app wants perps. almost none of them can build it.
- Extended has the lowest execution costs with most of the features of a CEX.
- every CEX is competing with every other CEX & every CFD app to onboard users whilst extended is self-custody.
- Bitvavo & Bitpanda don't offer perps. integrating Extended beats spending years building the infra & liquidity.
the EU perps market is a knife fight. Extended showed up with a gun.
Extended.
people are underestimating the the EU vision.
- there are ~5 platforms in EU that provide regulated perps, & all are CEXs competing with each other. 0 are self-custody.
- Extended have spoken to most of EU’s financial platforms & they all want perps.
- eToro volume is ~5% crypto, & 95% ECC.
- eToro alone has 8x more monthly active users than HL.
crypto is important, but the aim is to be the infra providing RWA perps to IG or Trading212 for millions of users.
Extended.
Right now, you can reach the Top 500 on The Final Arc with less than $100 in profit👀
The Final Arc: Week 1 Update
$1.07B traded across 310 markets from October 6 till 13.
- 3,613 active traders
- 200 new users made their first trade on Extended
- RWA markets took 24.8% of volume
The competition ends on November 2, with a prize pool of 250K USDC and 750K Xpoints.
yyctradΞr retweeted
J’ai l’impression d’être le fou du bus sur Extended.
Je vois beaucoup de monde qui veut exit le plus rapidement possible post-TGE.
Et quand tu regardes les stats des précédents drops, c’est souvent la bonne stratégie.
Je comprends qu’on veuille récupérer les $$$ dépensés en frais depuis maintenant près de 18 mois.
Je comprends aussi que les délais soient relous, et qu’on s’attendait tous à ce que ça drop il y a déjà 3-4 mois.
Le truc, c’est qu’à l’inverse de Paradex & co, Extended n’est pas juste là pour flex les stats de la saison en espérant que 5 % des traders restent après le TGE.
La crypto leur a permis de monter un produit, de l’améliorer et, maintenant, de se positionner sur un créneau complètement différent : la TradFi en Europe.
Plutôt que de dépenser des millions en marketing pour attirer leurs prochains utilisateurs, ils s’intègrent directement aux apps qui pourraient bénéficier d’un modèle de perps opéré par leurs soins.
Et « eux », ce sont des milliers de fintechs qui ont les moyens de marketer les perps directement sur leurs propres applications.
Extended devient une infrastructure, plutôt qu’un simple exchange de perps.
Maintenant, je spécule.
À mon avis, c’est justement le fait de conclure ces partenariats qui a rallongé la campagne jusqu’au TGE.
Ça fait une éternité que je n’ai pas tenu jusqu’au drop, mais celui-là… il a du potentiel.
Et spoiler : ce qu’ils construisent n’est pas facilement réplicable.
Expecting more.
Why Extended is pursuing a regulated path in Europe
TLDR: European retail already trades inside licensed apps, and regulated platforms typically need regulated venues they can integrate. Extended is building one. Builder codes let partners plug Extended into their own product: through the existing venue for self-custody users where available, and through the regulated venue for regulated clients once live.
Europe has close to 10,000 fintech companies, and hundreds of licensed investment firms and credit institutions. Most are exploring new ways to engage their retail user base, and perps are consistently near the top of the list. All of them are potential clients for a regulated exchange.
That market opportunity drove our decision to build a regulated venue in Europe:
1. Retail is the user base we are building the regulated offering for. We have said before that sustainable growth is built on product quality, distribution and community rather than financial incentives. For a trading product, the largest pool of users is retail, and reaching it is a distribution problem.
2. Perp DEXs processed roughly $600 billion in volume over the past 30 days. CFD brokers alone show the size of the addressable market: around $30 trillion a month, with a large share of it in Europe. The largest platforms already earn most of their volume outside FX, in equities, indices, commodities and crypto. On-chain perps is a market we know well and intend to keep serving, but the larger opportunity sits next to it: tens of millions of retail traders already active on regulated platforms, many of whom have no access to perps today.
3. There are three retail markets at the scale that matters: the US, Europe and Asia. The US is the most contested, with many major exchanges and brokers competing for the same users and a long licensing path. Asia has high perps penetration but regulatory approaches vary by jurisdiction. Europe is where we are starting, and we will look at other regulated markets as and when it makes sense.
4. Regulated crypto derivatives in Europe have only recently expanded. Kraken, Coinbase and Bitstamp (owned by Robinhood) launched futures for EU clients over the past 18 months, each using regulatory infrastructure obtained through an acquisition of a licensed investment firm or exchange. That route is open to a handful of firms with the balance sheet for it, but for the far larger group of fintechs and brokers with users and no perps infrastructure, it is not. Our model is to offer builder codes on both venues: a way for partners to plug perps into their own apps, route users’ orders to the venue and earn a share of the fees. Self-custody wallets can integrate with the existing venue where available. Regulated brokers and fintechs will be able to use the regulated venue once it is live.
5. A regulated perps setup takes significant time and resources to build from scratch, and many fintechs lack the product and market expertise to run it well, starting with established market-maker relationships. For smaller players the economics may not work. For larger ones, regulated builder codes cut time to market, especially inside slow-moving large organisations, and deliver a quality product from day one.
6. The demand is clear. We are already in conversations with wallets, CFD brokers and fintechs across Europe, and we repeatedly hear the same request: a regulated venue with a broad range of crypto and RWA markets they can integrate.
Importantly, this does not change our DeFi offering or our commitment to the early community. The existing venue stays for crypto-native users where it is available. The regulated venue adds a new distribution channel and a new user base.
Europe is the first step. Over time, we expect to replicate the same model in other markets, including the US. Our plan is subject to the relevant regulatory authorisations, and we will share specifics as they are confirmed. At a high level, we have an initial route to market, followed by a transition to our own licences.
Disclaimer: This post is for informational purposes only and is not an offer, solicitation or recommendation. It contains forward-looking statements that are subject to change and to regulatory approval. Perpetual derivative contracts do not provide ownership of, or shareholder or other rights in, the underlying assets or companies. Trading involves leverage and significant risk, including possible total loss. Availability is subject to eligibility and jurisdictional restrictions.
yyctradΞr retweeted
people are underestimating the the EU vision.
- there are ~5 platforms in EU that provide regulated perps, & all are CEXs competing with each other. 0 are self-custody.
- Extended have spoken to most of EU’s financial platforms & they all want perps.
- eToro volume is ~5% crypto, & 95% ECC.
- eToro alone has 8x more monthly active users than HL.
crypto is important, but the aim is to be the infra providing RWA perps to IG or Trading212 for millions of users.
Extended.
Why Extended is pursuing a regulated path in Europe
TLDR: European retail already trades inside licensed apps, and regulated platforms typically need regulated venues they can integrate. Extended is building one. Builder codes let partners plug Extended into their own product: through the existing venue for self-custody users where available, and through the regulated venue for regulated clients once live.
Europe has close to 10,000 fintech companies, and hundreds of licensed investment firms and credit institutions. Most are exploring new ways to engage their retail user base, and perps are consistently near the top of the list. All of them are potential clients for a regulated exchange.
That market opportunity drove our decision to build a regulated venue in Europe:
1. Retail is the user base we are building the regulated offering for. We have said before that sustainable growth is built on product quality, distribution and community rather than financial incentives. For a trading product, the largest pool of users is retail, and reaching it is a distribution problem.
2. Perp DEXs processed roughly $600 billion in volume over the past 30 days. CFD brokers alone show the size of the addressable market: around $30 trillion a month, with a large share of it in Europe. The largest platforms already earn most of their volume outside FX, in equities, indices, commodities and crypto. On-chain perps is a market we know well and intend to keep serving, but the larger opportunity sits next to it: tens of millions of retail traders already active on regulated platforms, many of whom have no access to perps today.
3. There are three retail markets at the scale that matters: the US, Europe and Asia. The US is the most contested, with many major exchanges and brokers competing for the same users and a long licensing path. Asia has high perps penetration but regulatory approaches vary by jurisdiction. Europe is where we are starting, and we will look at other regulated markets as and when it makes sense.
4. Regulated crypto derivatives in Europe have only recently expanded. Kraken, Coinbase and Bitstamp (owned by Robinhood) launched futures for EU clients over the past 18 months, each using regulatory infrastructure obtained through an acquisition of a licensed investment firm or exchange. That route is open to a handful of firms with the balance sheet for it, but for the far larger group of fintechs and brokers with users and no perps infrastructure, it is not. Our model is to offer builder codes on both venues: a way for partners to plug perps into their own apps, route users’ orders to the venue and earn a share of the fees. Self-custody wallets can integrate with the existing venue where available. Regulated brokers and fintechs will be able to use the regulated venue once it is live.
5. A regulated perps setup takes significant time and resources to build from scratch, and many fintechs lack the product and market expertise to run it well, starting with established market-maker relationships. For smaller players the economics may not work. For larger ones, regulated builder codes cut time to market, especially inside slow-moving large organisations, and deliver a quality product from day one.
6. The demand is clear. We are already in conversations with wallets, CFD brokers and fintechs across Europe, and we repeatedly hear the same request: a regulated venue with a broad range of crypto and RWA markets they can integrate.
Importantly, this does not change our DeFi offering or our commitment to the early community. The existing venue stays for crypto-native users where it is available. The regulated venue adds a new distribution channel and a new user base.
Europe is the first step. Over time, we expect to replicate the same model in other markets, including the US. Our plan is subject to the relevant regulatory authorisations, and we will share specifics as they are confirmed. At a high level, we have an initial route to market, followed by a transition to our own licences.
Disclaimer: This post is for informational purposes only and is not an offer, solicitation or recommendation. It contains forward-looking statements that are subject to change and to regulatory approval. Perpetual derivative contracts do not provide ownership of, or shareholder or other rights in, the underlying assets or companies. Trading involves leverage and significant risk, including possible total loss. Availability is subject to eligibility and jurisdictional restrictions.
yyctradΞr retweeted
Biggest perp DEX: ~260k daily traders
Europe's top retail apps: 80M+ users, no perps.
Next wave of perps demand won't come from crypto natives.
And we’re preparing for exactly that
Extendio
Why Extended is pursuing a regulated path in Europe
TLDR: European retail already trades inside licensed apps, and regulated platforms typically need regulated venues they can integrate. Extended is building one. Builder codes let partners plug Extended into their own product: through the existing venue for self-custody users where available, and through the regulated venue for regulated clients once live.
Europe has close to 10,000 fintech companies, and hundreds of licensed investment firms and credit institutions. Most are exploring new ways to engage their retail user base, and perps are consistently near the top of the list. All of them are potential clients for a regulated exchange.
That market opportunity drove our decision to build a regulated venue in Europe:
1. Retail is the user base we are building the regulated offering for. We have said before that sustainable growth is built on product quality, distribution and community rather than financial incentives. For a trading product, the largest pool of users is retail, and reaching it is a distribution problem.
2. Perp DEXs processed roughly $600 billion in volume over the past 30 days. CFD brokers alone show the size of the addressable market: around $30 trillion a month, with a large share of it in Europe. The largest platforms already earn most of their volume outside FX, in equities, indices, commodities and crypto. On-chain perps is a market we know well and intend to keep serving, but the larger opportunity sits next to it: tens of millions of retail traders already active on regulated platforms, many of whom have no access to perps today.
3. There are three retail markets at the scale that matters: the US, Europe and Asia. The US is the most contested, with many major exchanges and brokers competing for the same users and a long licensing path. Asia has high perps penetration but regulatory approaches vary by jurisdiction. Europe is where we are starting, and we will look at other regulated markets as and when it makes sense.
4. Regulated crypto derivatives in Europe have only recently expanded. Kraken, Coinbase and Bitstamp (owned by Robinhood) launched futures for EU clients over the past 18 months, each using regulatory infrastructure obtained through an acquisition of a licensed investment firm or exchange. That route is open to a handful of firms with the balance sheet for it, but for the far larger group of fintechs and brokers with users and no perps infrastructure, it is not. Our model is to offer builder codes on both venues: a way for partners to plug perps into their own apps, route users’ orders to the venue and earn a share of the fees. Self-custody wallets can integrate with the existing venue where available. Regulated brokers and fintechs will be able to use the regulated venue once it is live.
5. A regulated perps setup takes significant time and resources to build from scratch, and many fintechs lack the product and market expertise to run it well, starting with established market-maker relationships. For smaller players the economics may not work. For larger ones, regulated builder codes cut time to market, especially inside slow-moving large organisations, and deliver a quality product from day one.
6. The demand is clear. We are already in conversations with wallets, CFD brokers and fintechs across Europe, and we repeatedly hear the same request: a regulated venue with a broad range of crypto and RWA markets they can integrate.
Importantly, this does not change our DeFi offering or our commitment to the early community. The existing venue stays for crypto-native users where it is available. The regulated venue adds a new distribution channel and a new user base.
Europe is the first step. Over time, we expect to replicate the same model in other markets, including the US. Our plan is subject to the relevant regulatory authorisations, and we will share specifics as they are confirmed. At a high level, we have an initial route to market, followed by a transition to our own licences.
Disclaimer: This post is for informational purposes only and is not an offer, solicitation or recommendation. It contains forward-looking statements that are subject to change and to regulatory approval. Perpetual derivative contracts do not provide ownership of, or shareholder or other rights in, the underlying assets or companies. Trading involves leverage and significant risk, including possible total loss. Availability is subject to eligibility and jurisdictional restrictions.
yyctradΞr retweeted
Your favorite broker in Europe will have no choice but to integrate Extended into their backend.
Expecting more
Why Extended is pursuing a regulated path in Europe
TLDR: European retail already trades inside licensed apps, and regulated platforms typically need regulated venues they can integrate. Extended is building one. Builder codes let partners plug Extended into their own product: through the existing venue for self-custody users where available, and through the regulated venue for regulated clients once live.
Europe has close to 10,000 fintech companies, and hundreds of licensed investment firms and credit institutions. Most are exploring new ways to engage their retail user base, and perps are consistently near the top of the list. All of them are potential clients for a regulated exchange.
That market opportunity drove our decision to build a regulated venue in Europe:
1. Retail is the user base we are building the regulated offering for. We have said before that sustainable growth is built on product quality, distribution and community rather than financial incentives. For a trading product, the largest pool of users is retail, and reaching it is a distribution problem.
2. Perp DEXs processed roughly $600 billion in volume over the past 30 days. CFD brokers alone show the size of the addressable market: around $30 trillion a month, with a large share of it in Europe. The largest platforms already earn most of their volume outside FX, in equities, indices, commodities and crypto. On-chain perps is a market we know well and intend to keep serving, but the larger opportunity sits next to it: tens of millions of retail traders already active on regulated platforms, many of whom have no access to perps today.
3. There are three retail markets at the scale that matters: the US, Europe and Asia. The US is the most contested, with many major exchanges and brokers competing for the same users and a long licensing path. Asia has high perps penetration but regulatory approaches vary by jurisdiction. Europe is where we are starting, and we will look at other regulated markets as and when it makes sense.
4. Regulated crypto derivatives in Europe have only recently expanded. Kraken, Coinbase and Bitstamp (owned by Robinhood) launched futures for EU clients over the past 18 months, each using regulatory infrastructure obtained through an acquisition of a licensed investment firm or exchange. That route is open to a handful of firms with the balance sheet for it, but for the far larger group of fintechs and brokers with users and no perps infrastructure, it is not. Our model is to offer builder codes on both venues: a way for partners to plug perps into their own apps, route users’ orders to the venue and earn a share of the fees. Self-custody wallets can integrate with the existing venue where available. Regulated brokers and fintechs will be able to use the regulated venue once it is live.
5. A regulated perps setup takes significant time and resources to build from scratch, and many fintechs lack the product and market expertise to run it well, starting with established market-maker relationships. For smaller players the economics may not work. For larger ones, regulated builder codes cut time to market, especially inside slow-moving large organisations, and deliver a quality product from day one.
6. The demand is clear. We are already in conversations with wallets, CFD brokers and fintechs across Europe, and we repeatedly hear the same request: a regulated venue with a broad range of crypto and RWA markets they can integrate.
Importantly, this does not change our DeFi offering or our commitment to the early community. The existing venue stays for crypto-native users where it is available. The regulated venue adds a new distribution channel and a new user base.
Europe is the first step. Over time, we expect to replicate the same model in other markets, including the US. Our plan is subject to the relevant regulatory authorisations, and we will share specifics as they are confirmed. At a high level, we have an initial route to market, followed by a transition to our own licences.
Disclaimer: This post is for informational purposes only and is not an offer, solicitation or recommendation. It contains forward-looking statements that are subject to change and to regulatory approval. Perpetual derivative contracts do not provide ownership of, or shareholder or other rights in, the underlying assets or companies. Trading involves leverage and significant risk, including possible total loss. Availability is subject to eligibility and jurisdictional restrictions.
yyctradΞr retweeted
Why Extended is pursuing a regulated path in Europe
TLDR: European retail already trades inside licensed apps, and regulated platforms typically need regulated venues they can integrate. Extended is building one. Builder codes let partners plug Extended into their own product: through the existing venue for self-custody users where available, and through the regulated venue for regulated clients once live.
Europe has close to 10,000 fintech companies, and hundreds of licensed investment firms and credit institutions. Most are exploring new ways to engage their retail user base, and perps are consistently near the top of the list. All of them are potential clients for a regulated exchange.
That market opportunity drove our decision to build a regulated venue in Europe:
1. Retail is the user base we are building the regulated offering for. We have said before that sustainable growth is built on product quality, distribution and community rather than financial incentives. For a trading product, the largest pool of users is retail, and reaching it is a distribution problem.
2. Perp DEXs processed roughly $600 billion in volume over the past 30 days. CFD brokers alone show the size of the addressable market: around $30 trillion a month, with a large share of it in Europe. The largest platforms already earn most of their volume outside FX, in equities, indices, commodities and crypto. On-chain perps is a market we know well and intend to keep serving, but the larger opportunity sits next to it: tens of millions of retail traders already active on regulated platforms, many of whom have no access to perps today.
3. There are three retail markets at the scale that matters: the US, Europe and Asia. The US is the most contested, with many major exchanges and brokers competing for the same users and a long licensing path. Asia has high perps penetration but regulatory approaches vary by jurisdiction. Europe is where we are starting, and we will look at other regulated markets as and when it makes sense.
4. Regulated crypto derivatives in Europe have only recently expanded. Kraken, Coinbase and Bitstamp (owned by Robinhood) launched futures for EU clients over the past 18 months, each using regulatory infrastructure obtained through an acquisition of a licensed investment firm or exchange. That route is open to a handful of firms with the balance sheet for it, but for the far larger group of fintechs and brokers with users and no perps infrastructure, it is not. Our model is to offer builder codes on both venues: a way for partners to plug perps into their own apps, route users’ orders to the venue and earn a share of the fees. Self-custody wallets can integrate with the existing venue where available. Regulated brokers and fintechs will be able to use the regulated venue once it is live.
5. A regulated perps setup takes significant time and resources to build from scratch, and many fintechs lack the product and market expertise to run it well, starting with established market-maker relationships. For smaller players the economics may not work. For larger ones, regulated builder codes cut time to market, especially inside slow-moving large organisations, and deliver a quality product from day one.
6. The demand is clear. We are already in conversations with wallets, CFD brokers and fintechs across Europe, and we repeatedly hear the same request: a regulated venue with a broad range of crypto and RWA markets they can integrate.
Importantly, this does not change our DeFi offering or our commitment to the early community. The existing venue stays for crypto-native users where it is available. The regulated venue adds a new distribution channel and a new user base.
Europe is the first step. Over time, we expect to replicate the same model in other markets, including the US. Our plan is subject to the relevant regulatory authorisations, and we will share specifics as they are confirmed. At a high level, we have an initial route to market, followed by a transition to our own licences.
Disclaimer: This post is for informational purposes only and is not an offer, solicitation or recommendation. It contains forward-looking statements that are subject to change and to regulatory approval. Perpetual derivative contracts do not provide ownership of, or shareholder or other rights in, the underlying assets or companies. Trading involves leverage and significant risk, including possible total loss. Availability is subject to eligibility and jurisdictional restrictions.
