Crypto in Europe: The Crypto Exchange of the Future | European Blockchain Convention 9

[Music] 2 1 okay thanks for uh all being here I will uh wait a few more seconds until the latest person are sitting and then uh I will start with a keynote my name is uh Mark nin I'm 30 years old I will give today a keynote about uh the KR change of the future um and I think my uh my assumption is blockchain technology will become big uh and I think before I would like to start with my keynote I'm briefly interested in the audience here how many people don't agree that blockchain technology becomes big uh so if people don't believe it becomes big uh please put your hands up in the air so we so we know how convincing I need to be or how flexible I can be if uh the full audience is already convinced that makes it way easier uh but I will still give you my keynote so I think when we start with our company 5 years ago uh I personally was not yet convinced about uh blockchain technology so I need to admit when I started five six year ago with our company and we are currently one of the biggest crypto exchanges in Europe we were not yet fully convinced uh we started five six years ago we saw uh what cryptos were doing but we didn't yet understand how powerful blockchain technology can become and I think over the last five six years we learned way more about it due to which we are fully convinced that it will become big in the next few slides I will try to explain you why and why it is so important that not only crypto exchanges but also financial institutions need to embrace us if they would like to make impact in the future um and the first reason is let's say the underlying technology so the reason why in our view blockchain technology will become big is the underlying technology if you compare the technology with most other Technologies used it's in our view more efficient and Superior so with blockchain technology you can settle transactions on an instant basis you can do it on a trustworthy basis where no third parties can intervene and it's way better scalable I think if you compare it with a stock market in a stock market most trades are still settled on a t+1 or t plus2 basis which is delayed if you look to the payment scheme in the payment scheme fiia transfers are still settled on a t+1 or T2 plus2 basis um that's mainly due to the underlying technology so in our view the technology from the blockchain is so much more efficient that will always have an an edge due to which it always become really powerful for the over the long term most of the people around will ask if it's such a great technology why is it not yet embraced already why is it not yet already embraced in society and why is not yet everybody using it at the moment so I think if we go to the next slide Innovation takes time it's sad but it's true if we compare it with the internet I think the internet started somewhere around 1980s 1990s and only became big somewhere early 2000 early 2000 I think if if you compareed with self-driving cars self-driving cars are nowadays around for around 5ish years but it still take quite some time before you can fully Drive AO autonomously I think if you look to uh telica uh phones were already there before the before 2000 uh it only it took more than 20 years before mobile phones became big the same applies for blockchain technology uh so blockchain technology is already around for around 5 10ish years but it take way more time for the people embrace it I think in The Last 5 Years you already saw that crypto companies started to embrace it I think you see more and more financial institutions already embracing it I think if you look to GP Morgan but also central banks and other institutions more and more financial institutions are are are using the underlying technology to settle transactions faster um and I think that's a great a great approach but it will take longer before it becomes big um what does it mean for exchanges for us as an exchange we use the underlying technology that means we can setle transaction really fast for both trading purposes and payment purposes but that's only the beginning that's only the beginning of where we think that the go the world will go to so nowadays we are a trading platform over time we step by step expect that our service are not only used for trading purposes but also for payments purposes we expect that we not only offer those services for crypto asset itself but step by step also more for real world assets I think in the world you see more and more uh uh uh uh stable coins I think you see more and more D bills are tokenized I think you see more and more tokenized stocks and I think that's only the beginning I think over time you might see real estate and all other uh real world assets who will be tokenized besides let's say all financial instruments which over time might be tokenized I think secondly what you will see is that we will step by step more more Embrace with the internet so what you saw during 2021 and 2022 is that you uh for ex example had nfts and all kind of things where people could use those values to connect them to their social media account and others in our view you will step by step go to a more virtual world where people uh have online accounts uh where they Embrace their personality with where they can show their identity where they can show their value um so I think in our view blockchain technology is superar it will make a huge impact uh it will make things way more suff way more faster way more efficient um because du St the efficiencies it will win over the long term so it will win from all old school Technologies currently used by financial institutions it will take a lot of time before it's fully embraced by the society I think once it is embraced it will become way bigger than people currently expect so it will not only be used for crypto as itself in our view it will also be used for uh financial instruments uh Fiat funds over time for real estate and will even be used for social media and I think we compare the block technology mainly with the internet when internet became big uh early 2000 uh people couldn't expect how big it became and it only became big over time you first had a doom bubble J the toile all internet companies collapsed uh you might have seen the same with the crypto companies during last year where a lot of C crypto companies collapsed and over time all the strong crypto companies who are able to survive those waves they will bring way more value and step a step you will see this technology be used by big by by uh substantial bigger part part of society um that's our true belief we are working hard with our company to make it happen and we really Embrace those kind of events where way more people are Keen to make it happen that's my story before I started I ask if people still need to be convinced I didn't gave a huge speech because you guys were all convinced but uh does any of you still have any questions curious uh you're going to be an exchange for real world assets how are you're doing that is that solely for Europe in terms of regulatory kind of capabilities and how you're approaching that yeah that's a good question so uh uh we are Netherland based uh we are currently regulated by the Dutch Central Bank uh I think due to those regulatory requirements we are heavily focused on Europe and that's outside Europe uh that means that we offer our service mainly here in Europe um which will also be the case for the next several years I think over time uh crypto companies might go even broader because the underlying technology is so scalable uh but that's the next step I think besides from that all those services are really connected so if you trade for example Bitcoin on our PL form uh it's so connected with the rest of the market that that is really efficient um compared to stock markets where where things are way more closed uh uh I think that's slightly different so there will be space for multiple uh companies per count or per continent uh given efficiencies of the inly technology and thanks for your question great thank you very much Mark