Key Role of Exchanges in the Web3 Ecosystem | European Blockchain Convention

[Music] thank you thank you for the introduction oh that's me on the picture too awesome I'm going to take a seat cuz I've been standing all this time so don't mind me right let's also check the uh clicker is also working oh oh is this supposed to be thank you and then the you just need to put here here here not here here okay to go straight perfect thank you all right yes that's the right one thank you very much so yeah I'm here to speak about the key roles of the uh changes within the web 3 ecosystem as you guys have already seen um a lot of exchanges have also been around in this conference in EBC so thank you again for EBC to invite uh invite us as well and uh having us over here thank you very much guys thank you and so now we're speaking about key roles and um before we begin um I'm going to tell you a little bit on our number on the some numbers so by 20 2021 um Bitcoin has already has risen to 69,000 uh dollars so and that because of that um of all this high adoptation of the Cur cryptocurrencies have actually increased to 88% all right let's have a look whether it [Applause] works oh that's the one all right and yeah so that's that's the amazing number for for the whole crypto exchange and hence why we're also playing the heavy Drive behind the scene and for most people um this is also the first step because obviously there are the for the whole ecosystem um it's like the first step because sometimes decks might be because of the projects but exchanges is also the front facing of the uh projects for and for everyone else in public do and so the next thing what are what are we doing here what are what are uh exchanges doing in the in the ecosystem okay and also according to a chain analysis 2021 here you go that's talking some facts here as well and so yeah the first thing is liquidity liquidity what is liquidity the is AB ability to convert the assets Into Cash cash without significantly impacting the price so and in reference to centralized exchanges like us or known as Sexes it refers to the ability to the users to buy and sell fairly quickly and helps the uh keeping the stability and lowering the uh vola ability in the market so for a newly launched uh token for example um successful uh for to be successful the sufficient liquidity is very very important and it plays such a key role and be and of sexist will be able to fulfill the liquidity with large user base and established reputation with thousands and billions of uh exchange daily so that will also encourage the price um Discovery and also of course the trading volume increases the uh you know the open market and it also allows much more people to know about a project and open to the market um and that will also encourage the incentivize to token so liquidity is definitely important and the next thing token listing um for a lot of projects um they started to be you know they start small and they go right I want to go on to uh to a certain amount and they would like to also go on exchanges um so another critical role of us is listing um and it's significantly also boost the success of projects um Studies by cryptoanalysis um firm massari shows that the token prices do can increase up to 40% after being listed on major platforms like of course binance us SK and for instance in 2022 uh nearly two-thirds of newly uh tokens of binance has actually increased of storing 300% after its uh debut so listing is a definitely a um major exchange that can offer to visibility to obviously millions and billions of Traders uh SP sparkling interest and Trust for the projects making transactions smoother and stabilizing the market here you go so yeah so next thing oh yep here we go here is the uh Finance listing on prices and the over oh yeah actually search over 300% after debuting and the next thing would be cust cadile services so after um you know Sexes do offer uh cadile Services um not only crypto users like might like this one but they also handle their own private Keys as they do feel safer um so for example um a story of um stepan Thomas who actually lost 7,02 uh in BDC Bitcoin don't know about you guys know I I wouldn't like to do that but actually that worth around $400 million at that time so even though he's a programmer these things do happen um but and it also happens to one of us too and however um that's why castar service do come in handy when you don't want to take on the full responsibility of managing your own private Keys uh if you don't know your way around your te about technology what private key is ETC all right and also um also with cadile Services um it would do actually add the sense of security for um the assets as well so added a layer of protection exchanges some of them do uh ask at the insurance and some of them at the proof of Reserve so it depends on how the exchanges work they are also the way of seeing how security works and the next thing regulations and Trust there are so many uh people who are you know talking about MAA and a lot of uh compliance uh companies that came over to our booth recently and also been saying hey how are you guys deal dealing with it so definitely a big topic to talk about out and as well as the previous panel as well and so yeah one of the major challenges in crypto space is definitely regulations um so many countries are still a bit iffy about it and they still ban some heavy or some putting some restriction on cryptocurrencies so being at the for Forefront of Defending crypto and pushing the clearer regulations crypto exchanges are the one so especially centralized changes like us most of the big changes are licensed within and uh operate within legal Frameworks compliance teams are also behind us to make sure everyone is working the way they are they are also a crucial step to actually build trust because as soon as everybody heard that there is compliance team everyone was like oh yes so yeah they we actually do carefully um you know take care of projects um the and icos before listing them a lot of vetting has been done so so any tokens that go into major uh exchanges do comply with the legal standards and uh uh justifications in what on all the kind of exchanges that they operate so exchanges like us um or even in binance have gained institutional backing by demonstrating compliance with global regulations so there are some you know that regulation Clarity has attract Finance uh players as well that allowed exchanges to integrate with trafi no also known as traditional Finance systems and being the mainstream of adoption and the fifth one so Bridging the traditional Finance as I've just mentioned traditional finance and crypto became a bridge for uh crypto exchanges so um the young investors actually for example um studied by fintech uh company stilt mil Millennials and genz are now to come up to 94% of crypto buyers not not a surprise a lot of people are still in that in that age grw and um if those are the ones who would actually if the tradire actually um will kind of attract that market those are the crypto is also a way of doing so so one way is obviously Payment Solutions on and off uh off and off Fiat uh ramps as well and of which um they will also convert the traditional currency or own fight Fiat into cryptocurrency to enable to trade Etc and also um for by collaborating with crypto exchanges like us financial institutions would be able to tap faster growing crypto market and Innovation and PO for thinking and Innovations on to people as well for for the generation and here you are look at the chart we've got the Millennials from 25 to 40 and geny from 18 to 24 they are the ones who are taken care of 94% of the world of crypto and last and not the least and also there are staking and yield farming there are also a few companies that are also around here so um that talked about staking and food uh and yield farming as well so some exciting stuff going on as well oh uh this is the sixth one actually so actually um with growing of trading platforms um get to go service interface and actually earning some interest on staking has always been nice um a lot of people also kind of get attracted to that as well um so people that actually allows to uh users to trade and hold crypto and as well as y farming to meet those needs so what does Yi farming mean so that actually let users to earn passive and active income uh from their crypto assets similar uh similar to kind of earning interest in traditional finance and however they do kind of rely on intermediaries um but we kind of and they yield farming also operates in decentralized way so um in peer-to-peer environment uses smart contracts so for us guys um we do uh allow the users to do the uh have to generate the passive income by contributing the security and efficiency of our blockchain projects um so now we do offer and most exchanges do offer the staking and yield farming uh by partnering with dii protocols so helping users to maximize their assets while they have it and interoperability oh my tongu are getting a bit twisted so yeah that's the that's the last bit okay and amazing concept would be web th inability um that allows um you know polka dots uh we're also kind of collaborating with them there's some exciting news that'll be announcing tomorrow as well um so polka dots are Forefront of this movement and they are the multi chains that facilitates the trist M um the trist me message and actually value transfer so yeah they are actually kind of doing the aing the data transfer and scalability so what about us what is what is sex doing there so um we actually do the cross chain asset trading so supporting different blockchains like ethereum binance salana even ton that we have the latest one also like I said poka asset Hub um so along those lines do place the uh liquidity aggregation that actually allowed the cross chain to be trading a more much more efficiently all right so now just thanks for everyone and just to conclude here um so that what are we doing here we're actually one of the first face uh front facing of the crypto uh cryptocurrencies and obviously traditional finances and also um obviously for projects it's kind of a a way of demonstrating your projects and and showing what you've got and also what you want to do within the whole ecosystem and environment too um so yeah moving forward we'll definitely be growing we'll definitely be driving different uh different Innovations because I've been speaking to a lovely lot of people around here um including the audience and friends over here so um so I look do look forward to you guys um of being having that full potential um that ongoing collaboration and that partnership in the future thank you very much guys thank you thank you for listening