Latest / The Paul Barron Crypto Show / A Universal Exchange Coming To U.S. Soon?🚀BitGet CEO Gracy Chen INTERVIEW

Transcript

A Universal Exchange Coming To U.S. Soon?🚀BitGet CEO Gracy Chen INTERVIEW · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Today, let's dive into a little bit about what a
• 0:02
  Speaker 1: universal exchange is going to look like. And this is
• 0:06
  Speaker 1: a new concept because we're starting to see a lot
• 0:08
  Speaker 1: of movement around twenty four to seven trading.
• 0:11
  Speaker 2: I want to dive a little bit deeper.
• 0:12
  Speaker 1: We're going to do that with Gracie Chen, who is
• 0:14
  Speaker 1: the CEO of Bitget, joining me on the show.
• 0:18
  Speaker 2: Gracie, how are you.
• 0:20
  Speaker 3: I'm good, Hi, Thank you for having me.
• 0:22
  Speaker 2: So, Gracie.
• 0:23
  Speaker 1: First of all, let's get into a little bit about
• 0:25
  Speaker 1: what Bigget is doing. A lot of new things that
• 0:27
  Speaker 1: you guys are launching, but also this whole new strategy
• 0:31
  Speaker 1: that you guys have developed around the universal exchange kind
• 0:35
  Speaker 1: of the super app component. First of all, if you
• 0:38
  Speaker 1: can explain that to me and our audience.
• 0:42
  Speaker 3: Sure you.
• 0:43
  Speaker 4: Yes, that's for universe exchange, and that's the short term
• 0:46
  Speaker 4: that we keep using.
• 0:48
  Speaker 3: While this term com comes from.
• 0:50
  Speaker 4: The idea of generally people divide crypto exchanges previously into
• 0:55
  Speaker 4: either CX or DX, so just change or distrust change.
• 1:00
  Speaker 4: Of course, these two forms still exist, but intween twenty five,
• 1:03
  Speaker 4: there are a few trends that we saw and we
• 1:06
  Speaker 4: were also capturing those trends. The first trend is the
• 1:10
  Speaker 4: integration of DS and CX. So I think in April
• 1:14
  Speaker 4: twenty twenty five, which is about a year ago, we
• 1:17
  Speaker 4: integrated our untainability to the CX experience so that people
• 1:22
  Speaker 4: can just put in their contract any any cryptocurrency, just
• 1:27
  Speaker 4: put in the contract address of that cryptocurrency and then
• 1:30
  Speaker 4: they can start trading it on CX. So that's one
• 1:35
  Speaker 4: trend that we've observed. And the second trend that that
• 1:38
  Speaker 4: that emerged in twenty twenty five, that and that's becoming
• 1:42
  Speaker 4: more and more obvious UH right now into twenty six,
• 1:46
  Speaker 4: which is the rise of r w as tokenize the
• 1:50
  Speaker 4: US docs tokenize the many assets. That's just the trend,
• 1:56
  Speaker 4: not just exchanges or crypto native exchanges like US are
• 2:00
  Speaker 4: capturing capturing that. We also saw an I s C
• 2:04
  Speaker 4: and NASDAC did announcement around tokenizing all their US stocks
• 2:10
  Speaker 4: that's available on their platform and provide twenty for five
• 2:13
  Speaker 4: or twenty four seven crypto UH crypto sort of experience
• 2:18
  Speaker 4: to their UH to their stocks users. And of course
• 2:22
  Speaker 4: we are also in discussing with them around potential collaboration.
• 2:28
  Speaker 4: But basically the rise of our w A S and
• 2:31
  Speaker 4: the more different traditional assets like gold, oil, stocks, right,
• 2:38
  Speaker 4: even for X. That that's the need that our users
• 2:42
  Speaker 4: are also looking forward to. So based on these two
• 2:48
  Speaker 4: trends around asset coverage, we realize calling ourselves a CX
• 2:52
  Speaker 4: is not accurate anymore. Uh So we came up with
• 2:55
  Speaker 4: a term of UX and that means we want universal
• 2:59
  Speaker 4: as coverage.
• 3:01
  Speaker 3: You can stand for universal.
• 3:02
  Speaker 4: On the other hand, you can also stand for USDT
• 3:05
  Speaker 4: USDC kind of stable point, because that's just another trend
• 3:09
  Speaker 4: will want to capture. I think there will be more
• 3:10
  Speaker 4: people who use stable coin for of course payment, especially
• 3:14
  Speaker 4: across border transaction, but also for trading, use USDT or
• 3:19
  Speaker 4: USDC the sort of stable coin to buy or trade generally,
• 3:25
  Speaker 4: you know, globally universal and valuable assets again like stocks
• 3:29
  Speaker 4: and the currency bcoin theorem solana, as well as of
• 3:34
  Speaker 4: for X and some commodities like gold and silver.
• 3:38
  Speaker 2: All Right, so.
• 3:39
  Speaker 1: Several things there I wanted to kind of drill in on.
• 3:42
  Speaker 1: First of all, twenty four to seven. This is kind
• 3:43
  Speaker 1: of the new table stakes for a lot of companies
• 3:47
  Speaker 1: who are trying to go to market when you look
• 3:49
  Speaker 1: at liquidity and execution. I now, you guys have recently
• 3:53
  Speaker 1: launched paifi explain to me first of all, when first
• 3:58
  Speaker 1: of all, how do you guys manage the can because
• 4:00
  Speaker 1: this seems like you've got a lot of ores in
• 4:02
  Speaker 1: the water.
• 4:03
  Speaker 2: How do you guys get through this?
• 4:05
  Speaker 4: In terms of US stock, by the way, because we
• 4:07
  Speaker 4: offer many different asset classes, each individual assets is very different.
• 4:12
  Speaker 4: That's why I wanted to clarify whether we are talk
• 4:15
  Speaker 4: about talking about stocks or US docs or tokenized U
• 4:18
  Speaker 4: s doocks in general that if that's this is the
• 4:21
  Speaker 4: focus now. In terms of tokenized US stocks, the major
• 4:25
  Speaker 4: two players in the market right now are Undo and xdox,
• 4:30
  Speaker 4: and we are collaborating with both of them. Angdo has
• 4:34
  Speaker 4: a bigger market share and hence a bigger market share
• 4:38
  Speaker 4: on biguette, So we are there not one of the
• 4:41
  Speaker 4: largest distributor, we are their largest distributor in terms of
• 4:45
  Speaker 4: the collaboration with Anglo. So back to your question execution wise,
• 4:50
  Speaker 4: So right now in April twenty twenty six, we are
• 4:55
  Speaker 4: still integrating.
• 4:57
  Speaker 3: More like just a distributor.
• 4:59
  Speaker 4: In terms of tokenized U stocks. We're not issuing our
• 5:01
  Speaker 4: own US token as US stocks, but that doesn't mean.
• 5:04
  Speaker 3: We don't plan to.
• 5:05
  Speaker 4: We are in discussed in discussion and have certain plans
• 5:10
  Speaker 4: around that, but generally right now we collaborate with undoing
• 5:14
  Speaker 4: X stocks and offer them and then in terms of
• 5:16
  Speaker 4: liquidity twenty four five or twenty four seven by the way,
• 5:21
  Speaker 4: for the token at US stocks right now, uh, if
• 5:24
  Speaker 4: it's a spot market rather than US stocks futures, we
• 5:29
  Speaker 4: do only offer them in twenty four.
• 5:31
  Speaker 1: Five and even Okay, so that's how you're doing it
• 5:34
  Speaker 1: with ONDO because they are twenty four to five. That's
• 5:36
  Speaker 1: what I was getting at that liquidity.
• 5:39
  Speaker 4: Also not just ADO in terms of liquidity, but also
• 5:42
  Speaker 4: for some for example with the Blue Ocean ATS, it's
• 5:46
  Speaker 4: it's the largest off exchange platform basically when the US
• 5:51
  Speaker 4: market is not open when it's for example, in Asia
• 5:56
  Speaker 4: trading ours like the US time zone as Eastern time
• 6:01
  Speaker 4: zone Saturday Sunday evening to to Thursday evening actually Sunday morning. Anyway,
• 6:10
  Speaker 4: you can you can specifics around that, but basically when
• 6:13
  Speaker 4: when it's the Asia time zones. Blue Ocean is another
• 6:17
  Speaker 4: large affix change platform that we have equidity partnership with,
• 6:22
  Speaker 4: so we do in terms of a distributor, we do
• 6:27
  Speaker 4: look for liquidity around everywhere to give our user the
• 6:32
  Speaker 4: best liquidity that is available in the market, but we
• 6:35
  Speaker 4: don't do marketmaker maker ourselves. We're also talking to We
• 6:41
  Speaker 4: actually have enabled already some crypto specific market makers to
• 6:46
  Speaker 4: do liquidity.
• 6:48
  Speaker 3: And on our platform.
• 6:49
  Speaker 4: Yeah, So it's all sort of liquidity providers coming from
• 6:53
  Speaker 4: the market, from from Anglo, from a traditional financial market
• 6:58
  Speaker 4: like Blue Ocean, uh, from a crypto native mms who
• 7:03
  Speaker 4: are interested in r WS.
• 7:07
  Speaker 1: Let's talk a little bit about the AI differentiator, because
• 7:10
  Speaker 1: this is something that you guys have integrated here recently.
• 7:13
  Speaker 2: But can you give some examples.
• 7:15
  Speaker 1: So let's say, in terms of deploying an AI agent
• 7:18
  Speaker 1: today within BIGAT versus what you could have done maybe
• 7:23
  Speaker 1: six months ago, is there any major moves forward that
• 7:26
  Speaker 1: you guys have done.
• 7:27
  Speaker 3: Mm hmm. Yeah.
• 7:28
  Speaker 4: So in terms of AI agent in the world of
• 7:31
  Speaker 4: trading or cryptodrea trading in general, one key thing that
• 7:36
  Speaker 4: we are thinking about is not just a chat but
• 7:40
  Speaker 4: not just like advisory sort of service that you can
• 7:44
  Speaker 4: chat with an AI but also execution, but also enabling
• 7:50
  Speaker 4: AI agents to do trading on behalf of their owner
• 7:55
  Speaker 4: or at least help their their whoever created that AI
• 8:00
  Speaker 4: agent to make smarter traits. So from just you know,
• 8:06
  Speaker 4: answering questions. Answering and asking questions to execution is really
• 8:10
  Speaker 4: really key. And then in terms of how our users
• 8:16
  Speaker 4: are using AI agent in different scenarios today, we have
• 8:21
  Speaker 4: already provided something called get agent very early like last year,
• 8:26
  Speaker 4: but with open claw and more AI agent tools coming out,
• 8:31
  Speaker 4: we actually think get agent might be more of a
• 8:36
  Speaker 4: past ten scenario, although it is still being used by
• 8:40
  Speaker 4: many of our users today. But being able to give
• 8:46
  Speaker 4: that you give that ability to more users in more
• 8:50
  Speaker 4: scenarios is our new focus. What I mean by that
• 8:54
  Speaker 4: is get agent. Actually I would highly recommend our users
• 9:00
  Speaker 4: to try a new feature called get claw that's just
• 9:05
  Speaker 4: launched a few weeks ago, but only yesterday we have
• 9:08
  Speaker 4: launched the second version which has the trading ability, So
• 9:12
  Speaker 4: trading the ability only became available yesterday. And then that
• 9:17
  Speaker 4: can help users to trade on any platform, not just
• 9:21
  Speaker 4: within Bigot. People can connect that to for example Telegram
• 9:25
  Speaker 4: and putting your Telegram U, I D and then start
• 9:28
  Speaker 4: trading on Telegram. You can just use use tg and
• 9:32
  Speaker 4: ask your UH basically like open clau. So we are
• 9:35
  Speaker 4: building that on the on top of open claw. But
• 9:38
  Speaker 4: what's the different how how that is different from our users?
• 9:43
  Speaker 4: You know, starting from scratch and building their own trading
• 9:46
  Speaker 4: tool that we've already integrated sixty plus different skills on
• 9:52
  Speaker 4: off ramp, placing, placing orders on certain analysis.
• 9:58
  Speaker 3: Et cetera. Click.
• 10:00
  Speaker 4: So so this this part, yeah, this is called get
• 10:05
  Speaker 4: claw and that's the more strategic shift of our platform
• 10:12
  Speaker 4: in terms of going forward. We think we're just like
• 10:16
  Speaker 4: building on all the new tools for our users to use,
• 10:21
  Speaker 4: and get claw is the newest step.
• 10:25
  Speaker 1: So you get it in telegram chat. Looks like one
• 10:27
  Speaker 1: command you can accumulate bitcoin on dips. I like this
• 10:31
  Speaker 1: deep sleep and precise dips, so you can really kind
• 10:34
  Speaker 1: of flex it out there. Uh, this will be unique
• 10:37
  Speaker 1: to watch. I'm intrigued with this because we've started to
• 10:40
  Speaker 1: play with this a little bit even within our own
• 10:42
  Speaker 1: organization of using some of the the open claw stuff,
• 10:46
  Speaker 1: so it is fairly effective. So seeing this in a.
• 10:52
  Speaker 2: New exchange is going to be interesting for sure.
• 10:54
  Speaker 1: Let's talk a little bit about the regulatory lineup that
• 10:58
  Speaker 1: is happening right now.
• 11:00
  Speaker 2: Granted here in.
• 11:00
  Speaker 1: The US, we've got clarity hopefully going through here in
• 11:03
  Speaker 1: a little bit a lot of heated discussion here in
• 11:06
  Speaker 1: the US around that you've got Mica already in line
• 11:10
  Speaker 1: in the EU. When you look at the strategy for BIGAD,
• 11:16
  Speaker 1: are you guys preparing to kind of go to a
• 11:19
  Speaker 1: multi operational two tiered mode or is this something that
• 11:24
  Speaker 1: you think is going to come together globally.
• 11:27
  Speaker 4: Right now, it's more on the first term that you use,
• 11:31
  Speaker 4: by the way, multi or two layer sort of operation.
• 11:38
  Speaker 4: GLOBALBIGE dot com remains the global website, and then we
• 11:43
  Speaker 4: have individual websites in different juristications for example EU, which
• 11:50
  Speaker 4: well because we are applying for the still applying for
• 11:53
  Speaker 4: the mega license and you should be on the final
• 11:56
  Speaker 4: stage and hopefully be we are able to acquire it
• 12:00
  Speaker 4: in Q two this this year, which is like like
• 12:03
  Speaker 4: this quarter and once that's that's that license is UH
• 12:08
  Speaker 4: is on our hands. We want to launch paget a
• 12:11
  Speaker 4: EU and UH by the way, it's not the specific website,
• 12:15
  Speaker 4: but it's basically in terms of structure that we want
• 12:18
  Speaker 4: to work on and we have been already working on
• 12:23
  Speaker 4: that for a year because it's not just about license
• 12:26
  Speaker 4: or compliance, it's also about the specific product offerings, about language,
• 12:32
  Speaker 4: about the structure and order book. Everything is different from
• 12:36
  Speaker 4: the global website. So that's the EU part, and then
• 12:40
  Speaker 4: us part. Similarly, we are acquiring uh E EU is more,
• 12:45
  Speaker 4: it is faster, uh you US is is the second
• 12:48
  Speaker 4: coming up big jurisdications that we are aiming to launch
• 12:52
  Speaker 4: a website end of this year. Uh And actually right
• 12:55
  Speaker 4: now I'm in discussion with a lot of US partners.
• 12:58
  Speaker 4: I'm actually leading that stratgy around around how to provide
• 13:04
  Speaker 4: at least spot market to our US customers.
• 13:08
  Speaker 2: Do you think that's coming end of this year?
• 13:11
  Speaker 4: Our goal is to launched the end of this year,
• 13:14
  Speaker 4: if not at least the second or the first half
• 13:16
  Speaker 4: of next year.
• 13:18
  Speaker 2: Okay, all right.
• 13:19
  Speaker 1: Obviously being a top three that would really open up
• 13:24
  Speaker 1: a market for you in terms of growth, we have a.
• 13:28
  Speaker 4: Slightly more uh more realistic expectation, uh and US has been.
• 13:35
  Speaker 4: Of course, US is a big market and everyone wants
• 13:38
  Speaker 4: to enter it. But from our point of view, we've
• 13:42
  Speaker 4: looked at this market for a few years and we've
• 13:44
  Speaker 4: talked to a lot of partners. We've observed it for
• 13:48
  Speaker 4: a while, and I think the because the competition is
• 13:51
  Speaker 4: just too big. There are Track five competitors like Rubbing Truit.
• 13:56
  Speaker 4: There are also crypto native competitors like coin based Cracket,
• 14:00
  Speaker 4: So so entering US market doesn't mean you know, we
• 14:04
  Speaker 4: can immediately get a lot of users. I do have
• 14:08
  Speaker 4: a very realistic expectation around user accessors, market strategies and
• 14:14
  Speaker 4: and what's the revenue and how long we can hit
• 14:19
  Speaker 4: hit a profit. We do have like maybe two three
• 14:22
  Speaker 4: years plan ahead, rather than you know, highly expected Okay,
• 14:27
  Speaker 4: I'm going to win this market on day one, which.
• 14:30
  Speaker 3: Is just impossible. So US is. And also we've never
• 14:35
  Speaker 3: you we've never.
• 14:37
  Speaker 4: Served the US market for the past few years, so
• 14:40
  Speaker 4: that's another trick. Unlike you We've had We've had a
• 14:43
  Speaker 4: lot of European users. Uh, even our teams based in
• 14:48
  Speaker 4: EU in different different drayistfications and they have a lot
• 14:51
  Speaker 4: of partners and users already, so migrating them to the
• 14:55
  Speaker 4: EU fully compliant website is much easier than entering the
• 15:00
  Speaker 4: US market.
• 15:01
  Speaker 3: So that's a huge difference there.
• 15:02
  Speaker 4: But in general, I will say this is a trend
• 15:06
  Speaker 4: that I observe among top maybe top five crypto exchanges
• 15:10
  Speaker 4: around the world, including US that for example, you saw
• 15:14
  Speaker 4: okay X got the investment from from I C E
• 15:18
  Speaker 4: and I s C mother company on twenty five billion
• 15:23
  Speaker 4: U S T T sort of valuation, and probably you've
• 15:26
  Speaker 4: heard by bid I also discussing with some local partners
• 15:30
  Speaker 4: or we are too, although we're not seeking for very
• 15:34
  Speaker 4: specific strategic investment, but we are definitely seeking for strategic partnerships.
• 15:40
  Speaker 4: So that's that's just a trend that we are all capturing.
• 15:43
  Speaker 4: I think this is this is the happening based on
• 15:46
  Speaker 4: the fact that, uh, the topics changes have the ability
• 15:51
  Speaker 4: to to to bear the cost, the very high compliance
• 15:56
  Speaker 4: and legal costs to to enter the US market, as
• 15:59
  Speaker 4: well as US being a very important strategic market for
• 16:03
  Speaker 4: all of us, not just in terms of operation and business,
• 16:06
  Speaker 4: but also in terms of for example, i PO plans
• 16:11
  Speaker 4: or the capital market in general. Yeah, that's that, that
• 16:15
  Speaker 4: would be my you know, two cents on this.
• 16:18
  Speaker 1: You look at I know, our audience, we're over fifty
• 16:21
  Speaker 1: percent of our audience's global, so whether it's Latam or
• 16:25
  Speaker 1: Southeast Asia. You look at these kinds of growth centers,
• 16:31
  Speaker 1: and if you kind of shift to the pay fine narrative,
• 16:33
  Speaker 1: you know, you talk about payments finance in general, especially
• 16:36
  Speaker 1: in these emerging markets. When you look at that right now,
• 16:40
  Speaker 1: are you actually do you think that people are going
• 16:43
  Speaker 1: to start using crypto for daily payments or is this
• 16:46
  Speaker 1: something that is still going to be built around speculative trading.
• 16:50
  Speaker 2: What's your thought there?
• 16:51
  Speaker 4: I think for emerging market, it's quite obvious that this
• 16:54
  Speaker 4: is happening already. For example, in Southeast Asia, in Philippines, Vietnam, Cambodia,
• 17:03
  Speaker 4: et cetera. We've already enabled a lot of local payment scenarios.
• 17:10
  Speaker 4: For example, users can just scan a QR code using
• 17:15
  Speaker 4: the wallets the local wallet partners we have, and then
• 17:18
  Speaker 4: they start to use bigger wallet for cross border transactions
• 17:22
  Speaker 4: or just within their daily life non cross border just
• 17:26
  Speaker 4: like in intra country kind of transaction.
• 17:29
  Speaker 3: It's already happening online offline.
• 17:33
  Speaker 4: I think I've we had a journalist from Forsant News
• 17:38
  Speaker 4: who did the research using only crypto staper coins to
• 17:46
  Speaker 4: survive in thirty days in I think it's Vinnam of
• 17:51
  Speaker 4: one of the Southeast Asian countries, and for those thirty
• 17:55
  Speaker 4: days of online payments, he even needs to do your
• 18:00
  Speaker 4: split fair with local people or other tourists. More than
• 18:06
  Speaker 4: ninety three percent of the scenarios it works. Uh. The
• 18:10
  Speaker 4: the other seventy seventy seven percent that that it fails
• 18:14
  Speaker 4: are generally due to a bad internet. Yeah so so
• 18:20
  Speaker 4: payment or pay by step. A coin as an infrastructure
• 18:24
  Speaker 4: is already happening in Southeast Asia, especially because they they
• 18:30
  Speaker 4: have a lot of people who are unbanked and uh
• 18:33
  Speaker 4: uh and and it just it's just very different from
• 18:36
  Speaker 4: the US market where people in general have an average
• 18:41
  Speaker 4: three to four credit cards in the US citizens, but
• 18:44
  Speaker 4: Southeast Asia not a lot many people cannot apply for
• 18:47
  Speaker 4: credit card.
• 18:48
  Speaker 3: Uh.
• 18:49
  Speaker 4: And a lot of people on pretty much day one,
• 18:52
  Speaker 4: they have they have their their their mobile phone, which
• 18:55
  Speaker 4: may not be Apple because Apple is too expensive for them.
• 18:58
  Speaker 4: Maybe sell me be another much per smartphone, but they
• 19:03
  Speaker 4: have a smartphone and they can start trading and doing
• 19:07
  Speaker 4: payment daily payment on phone using crypto.
• 19:12
  Speaker 1: Well, and this also starts to make the shift toward
• 19:15
  Speaker 1: neo banks and universal exchanges like what you're talking about here,
• 19:21
  Speaker 1: where you've got the ability to go into crypto token
• 19:24
  Speaker 1: ise stocks, gold, silver, oil, whatever it might be in
• 19:27
  Speaker 1: terms of an interest, but also have the ability to
• 19:30
  Speaker 1: utilize that account to actually transact in payments. Are you
• 19:35
  Speaker 1: guys adding new features that I guessed line up with
• 19:40
  Speaker 1: what some of these neo banks are offering. How are
• 19:42
  Speaker 1: you guys addressing that.
• 19:45
  Speaker 4: That's a great question, and we've given it some thoughts because,
• 19:49
  Speaker 4: like you mentioned, we can easily shift or pivot to.
• 19:54
  Speaker 3: Being a new bank. However, Beget as an exchange.
• 19:58
  Speaker 4: Still want to focus on trading and being the trading change.
• 20:03
  Speaker 3: Kind of business here. Bigger Wallet, on the.
• 20:06
  Speaker 4: Other hand, is more towards providing the crypto driven card
• 20:14
  Speaker 4: and also those offline QR code kind of payment scenarios
• 20:19
  Speaker 4: together with some other ecosystem partners we have. But Biget
• 20:23
  Speaker 4: is still focusing on exchange business. But in terms of
• 20:27
  Speaker 4: you know, Bigger Wallet and other ecosystem partners they are building,
• 20:32
  Speaker 4: they are definitely building a lot around cross border transactions,
• 20:35
  Speaker 4: around being a new bank, around a more smooth on
• 20:41
  Speaker 4: off ramp experience for crypto users and noncrypto users. So
• 20:46
  Speaker 4: we think that's a great trend that the market is observing.
• 20:52
  Speaker 4: Bigett is not building on that. We want to still
• 20:54
  Speaker 4: want to split the business and each of us have
• 20:58
  Speaker 4: a very strong focus. Again, Bigett is focusing on being
• 21:02
  Speaker 4: the trading platform. And another thing that a lot of
• 21:05
  Speaker 4: people got confused for for Beget is that our way
• 21:11
  Speaker 4: entering more in terms of only providing services to you know,
• 21:15
  Speaker 4: institutional clients and and and more traditional financial users.
• 21:21
  Speaker 3: Uh.
• 21:22
  Speaker 4: My answer is no, we still want to focus on
• 21:24
  Speaker 4: crypto users. And I keep talking about you stands for
• 21:29
  Speaker 4: USDT and u s d C stable coin is that
• 21:31
  Speaker 4: we we we think UH blockchain has already revolutionized the
• 21:37
  Speaker 4: traditional financial market by being the faster and cheaper settlement layer,
• 21:42
  Speaker 4: and we don't want to go back to the infrastructure
• 21:46
  Speaker 4: that's built half a century ago. And we want to
• 21:51
  Speaker 4: keep on using blockchain and stable coin to enable our
• 21:54
  Speaker 4: users to do trading. And that's why when you look
• 21:58
  Speaker 4: at our tokenizeds for our us DOOC solutions, it's tokenized
• 22:03
  Speaker 4: the version of it. We're not asking our users to
• 22:06
  Speaker 4: transfer their USDT back to USD and settle in the
• 22:12
  Speaker 4: traditional world. We still want them to remain crypto, not
• 22:17
  Speaker 4: because we want to, but just because crypto or blotching
• 22:22
  Speaker 4: is faster and more advanced technology in our opinions.
• 22:26
  Speaker 2: Yeah, no doubt about it.
• 22:27
  Speaker 1: Well, I think you know, we're seeing more and more
• 22:30
  Speaker 1: uses of twenty four to seven, and there's not only
• 22:35
  Speaker 1: in the retail space, but also even in the business
• 22:37
  Speaker 1: business space. I think we're going to see a lot
• 22:39
  Speaker 1: more people transacting now in stable coin et cetera.
• 22:42
  Speaker 2: That's going to.
• 22:43
  Speaker 1: Probably end up onboarding a lot more people into crypto
• 22:47
  Speaker 1: for the first time, which opens up obviously what you
• 22:49
  Speaker 1: guys are doing with the UEX, so good news there
• 22:53
  Speaker 1: for Bickett.
• 22:54
  Speaker 2: Talk to me about.
• 22:55
  Speaker 1: Twenty twenty six, the rest of this year, any major
• 22:58
  Speaker 1: things that you guys are going to be launching, What
• 23:01
  Speaker 1: is the kind of the roadmap and the strategy for
• 23:03
  Speaker 1: you guys.
• 23:04
  Speaker 4: M So in twenty twenty six, I would say we
• 23:08
  Speaker 4: still want to focus on two things.
• 23:10
  Speaker 3: One is u EX, one is AI.
• 23:12
  Speaker 4: But along the year we are aware there are very
• 23:16
  Speaker 4: important events and milestones. But but I guess the general
• 23:22
  Speaker 4: idea is still focusing focused on UX and AI. The
• 23:26
  Speaker 4: specific milestones that we can potentially look at this year
• 23:31
  Speaker 4: is definitely the launch of our EU website and the
• 23:34
  Speaker 4: US website, and then maybe media year when when FIFA
• 23:40
  Speaker 4: the World Cup is happening.
• 23:42
  Speaker 3: We want to see if.
• 23:44
  Speaker 4: There are more sports related events and even no cryptotoken,
• 23:49
  Speaker 4: fan tokens, et cetera we can collaborate with. But but
• 23:54
  Speaker 4: I would say this this is a very important market.
• 23:57
  Speaker 4: There is a mid term US presidential election, there's also
• 24:02
  Speaker 4: World Cup, and right now there's uh geopolitical attention in
• 24:07
  Speaker 4: the middle is everything is related to each other and
• 24:12
  Speaker 4: impacting the macroeconomics, politics, sports, and cultures, and that impacts
• 24:20
  Speaker 4: our business a lot. For us, we want to be
• 24:26
  Speaker 4: prepared for any scenarios and hopefully be able to capture
• 24:30
  Speaker 4: different growth opportunities. Yeah, so again, UX we've launched it
• 24:36
  Speaker 4: last year, but in my opinion, there are still a
• 24:39
  Speaker 4: lot of improvements that we can do.
• 24:43
  Speaker 3: UH.
• 24:43
  Speaker 4: Just to give you a quick example, right now, US
• 24:46
  Speaker 4: stocks token aze US docks. They cannot offer dividend to
• 24:51
  Speaker 4: their users, and the dividend is reflected in the SPV,
• 24:58
  Speaker 4: the vehicle that holds the individual to organize the stocks
• 25:03
  Speaker 4: is reflected in the in the price of of.
• 25:08
  Speaker 3: The tokenized version of it.
• 25:09
  Speaker 4: And hence, if you see for example Meta UH today
• 25:13
  Speaker 4: for example it's treated at five hundred, then you will
• 25:16
  Speaker 4: you will realized once it provides a dividend, the tokenized
• 25:20
  Speaker 4: version of Meta under.
• 25:23
  Speaker 3: Or xdox will dev deviate.
• 25:25
  Speaker 4: From five hundred because the dividend is reflected on that,
• 25:30
  Speaker 4: and then that becomes become quite confusing for especially new
• 25:35
  Speaker 4: new users. They will regalize five hundred. But this is
• 25:38
  Speaker 4: five hundred and ten. Why, what's what's happening here? So
• 25:42
  Speaker 4: these kind of things are very subtle but very important
• 25:46
  Speaker 4: to our users. So we want to see different solutions
• 25:50
  Speaker 4: and if we can, you know, sort of solve it
• 25:53
  Speaker 4: through another infrastructure. So so that's what I mean by
• 25:56
  Speaker 4: building on UX of we've had already already very strong foundation,
• 26:01
  Speaker 4: but for us, we keep thinking about how to make
• 26:04
  Speaker 4: it a better experience for our users more more more
• 26:09
  Speaker 4: more directly, you know, impacting how they how they feel
• 26:14
  Speaker 4: about different products offering the liquidity. We're also launching a
• 26:19
  Speaker 4: pre I p O stock and investment opportunities for our
• 26:23
  Speaker 4: user probably very soon in this month.
• 26:26
  Speaker 3: So those different.
• 26:28
  Speaker 4: Scenarios how we are evolving and continue improving on our
• 26:34
  Speaker 4: current UX model.
• 26:37
  Speaker 2: Tech stocks Gold four X.
• 26:39
  Speaker 1: I just saw your U S T T futures available
• 26:41
  Speaker 1: now I saw ned gas on there, so that was
• 26:44
  Speaker 1: kind of interesting. So a lot of pretty innovative moves
• 26:48
  Speaker 1: by by Biggat for sure.
• 26:50
  Speaker 2: Uh, Gracie Chin, thank you so much for coming in today.
• 26:53
  Speaker 2: We appreciate it.
• 26:54
  Speaker 3: Thank you, Paul.
• 27:02
  Speaker 1: If you like this video, like and subscribe, drop a
• 27:04
  Speaker 1: comment down below, and also join our free private member group.
• 27:08
  Speaker 2: The link is in the description