Listen: Nance, Uganda, Binz discussed on Unchained
"You know, has not undergone any meaningful layoffs. They actually seem to be growing at a healthy pace. And from the latest information that we have about four hundred employees around the world. So I think that they have been quite disciplined in how they grew. And this is paying off for them now as they're able to continue investing throughout the crypto winter while some other organizations, you know, maybe are heading to pull back and I wonder if some of that discipline. You're talking about is. I mean, you know, I didn't ask easy this. But I do. Remember, I asked him kind of about all his newfound wealth. And he said something about how it hasn't really driven him to to purchaser spend anything flashy because he he said just the knowledge that he could that was enough. So maybe if he has sort of a similar kind of attitude toward his business, you know, to be to be pretty frugal or or just to not let things go to his head than that might have been the case, and what about trading volumes on by Nance during this crypto winter, so creating volumes just if you denominate in yacht just are generally going to match market prices. So you can see that trading volumes across all exchanges are down about the same as the market is down. So that is that is definitely affected by Nance. Just as much as the other changes from our analysis. This was all abortion. And none of the major exchanges the binary. But fanatics coin base cracking. Another topic changes of the world seemed to have benefited or been hurt disproportionately through crypto winter in terms of. And I know some people have been making noise about coin base seeming to have changed its philosophy entirely almost some people are surmising, it's kind of reaching for revenue. Do you feel like binds has changed its any part of its operating ethos? I guess due to the fact that volumes are down. No. We don't really think it has. I mean, the most Markle thing about finances that they've really executed as regulatory arbitrage strategy from inception. They moved headquarters I think five times not mistaken. So there there's structurally very decentralized organization, and they they have been since -ception their four hundred employees are spread across forty countries. Or so so given that by is has been pretty true to their mission of any link people to any they call. Exchange. Anything nerve change the world exchange the world. Yeah. That's that's the tagline. And it's pretty clear from day one that that's in that's in the mission and that their growth path directory has aligned very shortly. Tha that if you look at all of the Nisshin's, they're rolling out over the course twenty nineteen those all are really just in exceleron of that mission. So things like binds chain and into the centralize exchange. The Dax that that is very large locations future of by ans- team had employees launchpad as a capital formation and fundraising platform, look by research and look at theod exchanges. I mean, everything they're doing is in support of that mission of but doing so in a way to be doing a compliant way and do it in a way that bridges the old world to the new world. And we're gonna get into all of that MARTINI in a second. I wanna stylish a little bit more stuff about by before we get into its dissensions ation strategy. We've been. Talking about kind of what has been doing or just how it hasn't seemed to really change its strategy. But so what moves has been making this past year? I know adding Fiat as one of them like what are some of the things that you see it's it's been putting into place. I think Binz has been fairly aggressive in expanding out their business and taking advantage of this bear market has an opportunity to to really build in. So a few of the key initiatives are as you mentioned Fiat exchanges. They brought on Yod exchanges in jersey, which supports euros and pounds. They I believe have also brought on their Singapore exchange as well as one in Uganda. And from what we found a research. It seems their plans are to bring on ten crypto too yacht.."