Crypto Rallies Are Getting Shorter: Wintermute CEO

Crypto Rallies Are Getting Shorter: Wintermute CEO

Are you looking to make markets in prediction markets? Yeah. Festival sense for me. Yeah, definitely. It's a pretty exciting one for us to focus on. We see a lot of our competitors also in this market as well. There are a lot of unsolved issues, of course, but the volumes that we see already are quite promising. So then how do you compete with the players that are out there already, the poly markets, the courses, the robinhood's and the like? How do you differentiate yourself? Well, we don't see ourselves as a competition. Competitions are as liquidity partners. So the great thing about Carl's sheep on the market, Robinhood basically allows the platforms as they do need market makers to make all this new prediction markets more liquid. And that's why this happened. Just take a step back, Evgeny, and just give us a sense of how liquidity has been in crypto markets over the past year and what that shows, because we've certainly seen some wild price swings and talk of perhaps another crypto winter. Yasin. What was confusing about the cycle is it did not follow the same kind of like force from Bitcoin going off as people rotating from Bitcoin through serums and the serum going up and people rotating from a serum into all kinds of altcoins, which is this fable all season that people are always kind of looking forward to in every cycle never happens. And part of it has to do with the meme coin craze inverted during the last year especially. Part of it has to do is basically, is the market behaving very differently to what it used to be? So it's basically a lot more focused on ETFs, for example. So it's basically protection, invest, see on special and try to find those deciders. People just want to invest in ETFs better than these assets where the right answer is basically Bitcoin, Ethereum, Solana, Ripple. I don't think that is innocent. I don't think that it is much more, much more besides that. And it basically created like a very different cycle. There's a lot of disappointed people. Hey, I just want to shift gears a little bit and talk politics because as we've spoken about in the past, when you've been on our program, you are one of the people who was at that crypto meme coin dinner last year with President Trump. Have you gotten everything from this president that you've wanted to see when it comes to the industry? Yeah, it's a good one, I think. Basically, it's all kind of hinges on. Clarity. Bill passing. I think if we have it, then it's basically pretty much up to us to know, to make it, to make everything else happened. What we definitely got from this administration is very adequate, a C, very adequate CFTC. Basically the regulators that you can actually talk to, that you can discuss things, you can basically propose things and just going to sue into oblivion. And the as the last piece which is missing is basically a legislation which allows all kinds of protocols, firms, all kind of factors to just function properly. Yes or no. We just have 10 seconds. Do you support the market structure bill in its current iteration? Yes.

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