Flippening - For Crypto Investors

Flippening - For Crypto Investors

Why Institutional Investors Are Flocking to Liquid (Crypto Exchange) w/ Mario Lozada, Sponsored by Nexo - (Ep. 0060)
Nov 12, 2019 12:56

Why Institutional Investors Are Flocking to Liquid (Crypto Exchange) w/ Mario Lozada, Sponsored by Nexo - (Ep. 0060)

Welcome to this conversation with Mario Lozada, co-founder, President, and CTO at Liquid , a cryptocurrency exchange . Liquid launched in 2014. In 2017, they raised over $100 million in an ICO for their utility token, QASH . In the past year, they've done nearly $100 billion in real volume. This interview is part of a series with exchange operators. We've interviewed Binance CEO Changpeng Zhao (CZ) , Binance CFO Wei Zhou , Ivan Poon from Switcheo , Alex Wearn from IDEX , Sam Bankman-Fried from FTX , and John Jansen from Deribit . My conversation with Mario is split into 5 chapters: - Chapter 1: The current state of Liquid - Chapter 2: Revenue sources - Chapter 3: Liquid’s product roadmap - Chapter 4: Branding - Chapter 5: The future for Liquid and the crypto space In this episode we discuss: Mario’s background Working with Japanese regulatory agencies The value of customer feedback Why spot markets outnumber derivatives platforms Exciting new products Sponsors Crypto Loans By Nexo Nexo is the only lender offering INSTANT crypto credit lines, which let you use digital assets as collateral to get cash in 45 fiat currencies and stablecoins. And Nexo has a BIG announcement related to credit lines: annual interest rates for credit lines are now starting at just 5.9% - which may very well be the lowest borrowing rate in the whole industry. Nexo is also a strategic partner of exchanges, OTC desks, and crypto funds through its portfolio of structured financial products. Institutional counterparties can earn up to 8% annually on their idle stablecoins, enter into asset swap agreements, or directly borrow crypto. Individuals also park their cash and stablecoins at Nexo’s Interest-Earning account to get an annual return of 8%. What’s more - interest is paid out daily and you can add or withdraw funds at ANY time. So if you are looking to borrow, lend, or swap digital assets, Nexo is your GO-TO PARTNER. Definitely explore nexo.io or reach them at [email protected] . Nomics’s Cryptocurrency Market Data API If you found that you or your developer have to spend too much time cleaning up and maintaining datasets & ingesting market cap data , instead of identifying opportunities then check out the Nomics API .
Crypto Exchange Volume Spamming w/ Rob Paone of the Crypto Bobby Podcast - (Ep. 0059)
Nov 02, 2019 45:30

Crypto Exchange Volume Spamming w/ Rob Paone of the Crypto Bobby Podcast - (Ep. 0059)

My guest today is actually me, Clay. In this episode, I am interviewed by Rob Paone. Rob is the host of the Crypto Bobby Podcast. He’s also the founder of Proof of Talent, a boutique recruiting firm that helps companies fill positions in the blockchain and cryptocurrency space. A few months ago, Rob interviewed me for his podcast and I liked the content so much that I asked Rob if I could air a modified version of that conversation here on the Flippening. He generously said yes, so here we are. By the way, this is the second time I’ve been on Rob’s show. You can listen to my first interview with Rob at episode #11. In this conversation, Rob and I explore: - How and why crypto exchanges spam aggregators like CoinMarketCap - What ticker stuffing is and how it works - Why referring to fake volume as wash trading is an inaccurate description of the problem - Why liquidity providers that are really just providing volume as a service to exchanges and crypto projects are hurting the space - What the crypto data ecosystem needs if it really wants to grow up In this episode we discuss:  The impact of the BitWise report What is driving fake volume on exchanges The difference between exchange spamming, volume spamming, and ticker stuffing Why fake volume matters and who it impacts the most How retail traders can protect themselves from fake volume How Nomics is combatting exchange spam with transparency ratings Why keeping up with exchange spam will be an ongoing battle Sponsors Crypto Loans By Nexo Nexo is the only lender offering INSTANT crypto credit lines, which let you use digital assets as collateral to get cash in 45 fiat currencies and stablecoins. Nexo is also a strategic partner of exchanges, OTC desks, and crypto funds through its portfolio of structured financial products. Institutional counterparties can earn up to 8% annually on their idle stablecoins, enter into asset swap agreements, or directly borrow crypto. Individuals can also park their cash and stablecoins at Nexo’s Interest-Earning account to get an annual return of 8%. What’s more - interest is paid out daily and you can add or withdraw funds at ANY time. So if you are looking to borrow, lend, or swap digital assets, Nexo is your GO-TO PARTNER. Definitely explore nexo.io or reach them at [email protected] Nomics’s Cryptocurrency Market Data API If you found that you or your developer have to spend too much time cleaning up and maintaining datasets & ingesting market cap data, instead of identifying opportunities, or if you’re tired of interpolated data and want raw primary source trades delivered simply and consistently with top-notch support in SLAs, then check out the Nomics API.
Part 2: The Fascinating History of Crypto Exchanges w/ Nathaniel Whittemore (Ep. 0058)
Oct 26, 2019 02:02

Part 2: The Fascinating History of Crypto Exchanges w/ Nathaniel Whittemore (Ep. 0058)

This episode is the second and final installment of our two-part series on the history of crypto exchanges. Once again, I'm joined by Nathaniel Whittemore, a freelance crypto communications strategist. This conversation is part of a larger series we’re doing on crypto exchanges. As part of this series, we’ve already interviewed Binance CEO Changpeng Zhao and John Jansen from Deribit, among others. Nathaniel and I are teaming up to write an article about the history of cryptocurrency exchanges. In this two-part series, we explore the main ideas from that article and share our understanding of how the crypto exchange ecosystem has evolved over time. This conversation is broken up into 5 chapters: - Chapter 1: The pre-history of Bitcoin and how regulation from that era still affects us today- Chapter 2: An exploration of the first crypto exchange that launched only a year after Bitcoin went live- Chapter 3: The Mt. Gox story and the fallout caused by that hack- Chapter 4: The rise of ICOs and how that led to the ascendancy of Binance- Chapter 5: Current trends in the crypto exchange ecosystem In last week's episode (#57), we covered chapters 1 through 3. In this episode (#58), we cover chapters 4 through 5. In this episode we discuss: The ICO boom How tokens allow you to bootstrap the value of the network The rise of BitMEX and derivatives trading Initial Exchange Offerings (IEOs) How custody and trading are being centralized Why exchanges are spamming aggregator sites like Nomics and CoinMarketCap Sponsors Crypto Loans By Nexo Nexo is the only lender offering INSTANT crypto credit lines, which let you use digital assets as collateral to get cash in 45 fiat currencies and stablecoins. Nexo is also a strategic partner of exchanges, OTC desks, and crypto funds through its portfolio of structured financial products. Institutional counterparties can earn up to 8% annually on their idle stablecoins, enter into asset swap agreements, or directly borrow crypto. Individuals can also park their cash and stablecoins at Nexo’s Interest-Earning account to get an annual return of 8%. What’s more - interest is paid out daily and you can add or withdraw funds at ANY time. So if you are looking to borrow, lend, or swap digital assets, Nexo is your GO-TO PARTNER. Definitely explore nexo.io or reach them at [email protected] Nomics’s Cryptocurrency Market Data API If you found that you or your developer have to spend too much time cleaning up and maintaining datasets & ingesting market cap data, then check us out.
The Fascinating History of Crypto Exchanges w/ Nathaniel Whittemore - Part 1 (Ep. 0057)
Oct 21, 2019 43:51

The Fascinating History of Crypto Exchanges w/ Nathaniel Whittemore - Part 1 (Ep. 0057)

This episode is the first installment of our two-part series on the history of crypto exchanges. I’m joined by Nathaniel Whittemore, freelance crypto communications strategist and curator of Long-Reads Sundays on Twitter. This conversation is part of a larger series we’re doing on crypto exchanges. As part of this series, we’ve already interviewed Binance CEO Changpeng Zhao (CZ), Ivan Poon from Switcheo, & John Jansen from Deribit, among others. Nathaniel and I are teaming up to write an article about the history of cryptocurrency exchanges. In this two-part series, we explore the main ideas from that article and share our understanding of how cryptocurrency exchanges and the crypto exchange ecosystem have evolved over time. This conversation is broken up into 5 chapters: - Chapter 1: The pre-history of Bitcoin and how regulation from that era still affects us today- Chapter 2: An exploration of the first crypto exchange that launched only a year after Bitcoin went live- Chapter 3: The Mt. Gox story and the fallout caused by that hack- Chapter 4: The rise of ICOs and how that led to the ascendancy of Binance- Chapter 5: Current trends in the crypto exchange ecosystem In this episode, we cover chapters 1 through 3. In the next episode, we cover chapters 4 through 5. In this episode we discuss: How Binance has continued to innovate even at the risk of self-disruption Patterns in the history of exchanges How decentralization will change regulation What Mt. Gox was and how it got hacked Sponsors Crypto Loans By Nexo Nexo is the only lender offering INSTANT crypto credit lines, which let you use digital assets as collateral to get cash in 45 fiat currencies and stablecoins. Nexo is also a strategic partner of exchanges, OTC desks, and crypto funds through its portfolio of structured financial products. Institutional counterparties can earn up to 8% annually on their idle stablecoins, enter into asset swap agreements, or directly borrow crypto. Individuals can also park their cash and stablecoins at Nexo’s Interest-Earning account to get an annual return of 8%. What’s more - interest is paid out daily and you can add or withdraw funds at ANY time. So if you are looking to borrow, lend, or swap digital assets, Nexo is your GO-TO PARTNER. Definitely explore nexo.io or reach them at [email protected] Nomics’s Cryptocurrency Market Data API If you found that you or your developer have to spend too much time cleaning up and maintaining datasets & ingesting market cap data, then check us out.
How Deribit Does $500 Million in Real Volume Per Day w/ John Jansen (Ep. 0056)
Oct 02, 2019 54:17

How Deribit Does $500 Million in Real Volume Per Day w/ John Jansen (Ep. 0056)

Welcome to this conversation with John Jansen, CEO of Deribit.  Deribit launched in 2016 and is one of the first futures and options crypto exchanges. At the time of this recording, Deribit does half a billion dollars of (real) volume per day. I should also note that Deribit has completed a “deep data integration” with Nomics.com. With this integration, Deribit receives an A+ crypto exchange rating. This interview is part of a series of interviews I’m doing with exchange operators. As part of this series, we’ve already interviewed Binance CEO Changpeng Zhao (CZ), Binance CFO Wei Zhou, as well as Ivan Poon from Switcheo, Alex Wearn from IDEX, and Sam Bankman-Fried from FTX. If you run a top 50 crypto exchange by volume, I want to speak with you as part of this series. Please reach out to set that up.My conversation with John Jansen is broken up into 5 chapters: - Chapter 1: What derivatives options and futures are - Chapter 2: The current state of crypto derivatives exchanges - Chapter 3: The current state of Deribit - Chapter 4: Brand differentiation and growth hacking for crypto exchanges- Chapter 5: An exploration of the future In this episode we discuss: Deribit’s origin story  How Deribit is funded Why most exchange operators don't really use social media How leverage changes as your position increases  How crypto derivatives exchanges differ from derivatives exchanges in traditional finance Why more people have started spot exchanges versus derivatives exchanges How Deribit differentiates itself from the rest of the market  How the crypto derivatives space has evolved over time Derivatives contracts volume versus spot exchange volume Why Deribit attracts institutional investors The number of Deribit users Deribit’s revenue figures Why Deribit uses geofencing  Deribit’s future developments What Mass Quote Protections (MQP) are Sponsor Nomics’s Cryptocurrency Market Data API The Nomics API offers squeaky clean and normalized primary source trade data offered through fast and modern endpoints. Instead of having to integrate with several crypto exchanges, you can get everything through one screaming fast fire hose. If you found that you or your developer have to spend too much time cleaning up and maintaining datasets & ingesting market cap data, instead of identifying opportunities or if you’re tired of interpolated data and want raw primary source trades delivered simply and consistently with top-notch support in SLAs, then check us out here. Or if you’d like to order historical cryptocurrency market data as CSV exports from top exchanges, email us at [email protected]
Part 2: Insane Growth of Derivatives Exchange FTX w/ CEO Sam Bankman-Fried (Ep. 0055)
Sep 21, 2019 37:11

Part 2: Insane Growth of Derivatives Exchange FTX w/ CEO Sam Bankman-Fried (Ep. 0055)

Welcome to part two of this series on crypto derivatives trading. Once again, I'm joined by Sam Bankman-Fried, CEO of FTX, one of the fastest-growing crypto derivatives exchanges in the space. FTX launched in April of 2019, and at the time of this recording, does around $100 million dollars in daily volume. Sam is also CEO of Alameda Research, a quantitative trading firm that provides liquidity to crypto markets worldwide. Alameda manages over $100 million in digital assets and trades $600 million to $1.5 billion dollars per day across thousands of products. They are responsible for approximately 5% of all (legitimate) crypto exchange volume. This deep-dive is broken up into 7 chapters: - Chapter 1: Quantitative trading - Chapter 2: The relationship between Alameda Research and FTX - Chapter 3: The current state of crypto derivatives trading - Chapter 4: The similarities and differences between leveraged volume and spot market volume - Chapter 5: The current state of FTX - Chapter 6: Growth hacking and brand differentiation in the crypto derivatives exchange space - Chapter 7: An exploration of what the future might look like Chapters 1 through 3 were covered in episode 54. In today’s episode, we focus on chapters 4 through 7. In this episode we discuss: Why leveraged volume and spot market volume are essentially the same Why the FTX and Alameda Research teams are distributed throughout the world (Antigua, Tokyo, Hong Kong, etc.) How US regulators approach the crypto space differently from other countries Why emerging markets with less developed financial ecosystems are quickly adopting crypto What FTX is doing to differentiate their platform in the crypto derivatives exchange space How much revenue FTX is currently generating The importance of WeChat for building crypto communities in China Why co-location is not a big deal yet but will eventually be in the future Sponsor Nomics’s Cryptocurrency Market Data API The Nomics API offers squeaky clean and normalized primary source trade data offered through fast and modern endpoints. Instead of having to integrate with several crypto exchanges, you can get everything through one screaming fast fire hose. If you found that you or your developer have to spend too much time cleaning up and maintaining datasets & ingesting market cap data, instead of identifying opportunities or if you’re tired of interpolated data and want raw primary source trades delivered simply and consistently with top-notch support in SLAs, then check us out here. Or if you’d like to order historical cryptocurrency market data as CSV exports from top exchanges, email us at [email protected]
The Insane Growth of a Crypto Derivatives Exchange That Just Launched 4 Months Ago w/ Sam Bankman-Fried from FTX - Part 1 (Ep. 0054)
Sep 14, 2019 13:14

The Insane Growth of a Crypto Derivatives Exchange That Just Launched 4 Months Ago w/ Sam Bankman-Fried from FTX - Part 1 (Ep. 0054)

Welcome to part 1 of this series on crypto derivatives trading. I’m joined by Sam Bankman-Fried, the CEO of FTX, one of the fastest-growing crypto derivatives exchanges. FTX launched in April of 2019, and at the time of this recording, does around $100 million dollars in daily volume. Sam is also CEO of Alameda Research, a quantitative trading firm that provides liquidity to crypto markets worldwide. Alameda manages over $100 million in digital assets and trades $600 million to $1.5 billion dollars per day across thousands of products. They are responsible for approximately 5% of all (legitimate) crypto exchange volume. This conversation is broken up into 7 chapters: - Chapter 1: Quantitative trading - Chapter 2: The relationship between Alameda Research and FTX - Chapter 3: The current state of crypto derivatives trading - Chapter 4: The similarities and differences between leveraged volume and spot market volume - Chapter 5: The current state of FTX - Chapter 6: Growth hacking and brand differentiation in the crypto derivatives exchange space - Chapter 7: The future In this episode, we cover chapters 1 through 3. Next week, we'll close the conversation by covering chapters 4 through 7. In this episode we discuss: How FTX got started  The opportunities in cryptoland versus traditional finance How quantitative trading works How the infrastructure for crypto investing has evolved over the past few years Blind spots to avoid when creating trading bots Why there are so few players in the derivatives and options platform space Rules, regulations, and norms for liquidity providers Why FTX wants more liquidity providers on their platform The 4 components (which Wall Street has) that are missing from crypto derivatives trading The difference between a future and an ETF How FTX handles outlier detection Sponsor Nomics’s Cryptocurrency Market Data API The Nomics API offers squeaky clean and normalized primary source trade data offered through fast and modern endpoints. Instead of having to integrate with several crypto exchanges, you can get everything through one screaming fast fire hose. If you found that you or your developer have to spend too much time cleaning up and maintaining datasets & ingesting market cap data, instead of identifying opportunities or if you’re tired of interpolated data and want raw primary source trades delivered simply and consistently with top-notch support in SLAs, then check us out here. Or if you’d like to order historical cryptocurrency market data as CSV exports from top exchanges, email us at [email protected]
Binance's Fiat Businesses (e.g. Binance US) w/ CFO Wei Zhou - (Ep. 0053)
Aug 22, 2019 54:46

Binance's Fiat Businesses (e.g. Binance US) w/ CFO Wei Zhou - (Ep. 0053)

Welcome to part 2 of our series on Binance, the world’s biggest crypto exchange based on real trading volume. Nomics has given Binance an A exchange transparency rating, which means that Binance provides highly audible and granular data about trading activities with complete history. On most days, they are the #1 ranked exchange on Nomics.com. In the previous episode, I had the honor of interviewing CZ, CEO and founder of Binance. In that episode, CZ gives us a "behind the scenes" look at how Binance grew to become the #1 crypto exchange only a few months after launching. In this episode, we continue our exploration of Binance by talking with Wei Zhou, CFO of Binance. Before joining Binance in 2018, Wei was CFO of several startups, including two companies that IPOed in the US. Wei was also instrumental in the 2018 Grindr acquisition. This conversation is broken up into 8 chapters: - Chapter 1: How Binance accounts for its revenue - Chapter 2: Binance’s fiat businesses (like Binance US, Binance Jersey, etc.) - Chapter 3: IEOs and the disruption of investment banking - Chapter 4: How Binance generates revenue (other than collecting trading fees) - Chapter 5: The burning schedule for Binance Coin / $BNB- Chapter 6: Stablecoins and pegged tokens - Chapter 7: Binance’s general operations - Chapter 8: The future In this episode we discuss: How Wei became the 1st CFO of Binance How Binance uses equity to recruit talent The relationship between Binance and its fiat businesses What Binance looks for in a partner What the IEO process looks like with Binance Why stablecoins and pegged tokens are crucial for traders How living in a country with a stable banking system can be a disadvantage What Wei would do if he could make anything happen in the crypto space Sponsors Crypto Loans By Nexo This episode is brought to you by Nexo, the only lender offering INSTANT crypto credit lines, which let you use digital assets as collateral to get cash in 45 fiat currencies and stablecoins. As of recently, the company has integrated the Binance Chain so you can instantly access cash without selling your BNB. Nexo is also a strategic partner of exchanges, OTC desks, and crypto funds through its portfolio of structured financial products. Institutional counterparties can earn up to 8% annually on their idle stablecoins, enter into asset swap agreements, or directly borrow crypto. So if you are looking to borrow, lend, or swap digital assets, Nexo is your GO-TO PARTNER. Definitely explore nexo.io or reach them on [email protected] Nomics’s Cryptocurrency Market Data API If you found that you or your developer have to spend too much time cleaning up and maintaining datasets & ingesting market cap data, instead of identifying opportunities and if you want raw primary source trades delivered simply and consistently with top-notch support in SLAs, then check us out. 
Binance's CEO (CZ) on The *Real* Story Behind Their Rapid Growth w/ Changpeng Zhao - (Ep. 0052)
Aug 08, 2019 01:41

Binance's CEO (CZ) on The *Real* Story Behind Their Rapid Growth w/ Changpeng Zhao - (Ep. 0052)

This conversation is with Binance CEO and founder, Changpeng Zhao (CZ). Binance is the world’s biggest crypto exchange based on (real) trading volume.  On most days they're #1 ranked exchange on Nomics.com; they're also our highest rated exchange. Binance is one of the two most important crypto companies.  I believe they'll become one of the most important in all of finance. This episode is in 5 chapters: - Chapter 1: The state of Binance when it launched, and the pre-conditions that led to its rapid rise- Chapter 2: The current state of Binance and Binance Coin / $BNB- Chapter 3: What CZ would do if he were to start a company from scratch - Chapter 4: Binance’s growth hacking strategies - Chapter 5: An exploration of value-added custody In this episode we discuss: The lawsuit Sequoia Capital lodged against Binance over a "no-shop clause" in a term sheet Why Binance transitioned from “employees” to "team members" The relationship between Binance Uganda, Binance Jersey, Binance Singapore, and Binance US with Binance.com How centralized Binance is bootstrapping Binance DEX The biggest opportunities in crypto right now (according to CZ) CZ’s thoughts on the role of equity over time Growth hacking strategies that helped Binance grow so quickly Why crypto exchanges will overtake custodial and staking businesses  P.S. This is part of a series on exchange operations. As part of this series, we’ve already interviewed Alex Wearn from IDEX the largest decentralized exchange & Ivan Poon from Switcheo, the first multi-chain decentralized exchange. Sponsors Crypto Loans By Nexo Nexo is the only lender offering instant crypto credit lines, which let you use digital assets as collateral to get cash in 45+ fiat currencies and stablecoins. As of this week, the company has integrated the Binance Chain so you can instantly access cash without selling your BNB. Nexo is also a strategic partner of exchanges, OTC desks, and crypto funds through its portfolio of structured financial products. Institutional counterparties can earn up to 8% annually on their idle stablecoins, enter into asset swap agreements, or directly borrow crypto. If you are looking to borrow, lend, or swap digital assets, Nexo is your go-to partner. Explore nexo.io or reach them on [email protected]  Nomics’s Cryptocurrency Market Data API If you found that you or your developer have to spend too much time cleaning up and maintaining datasets & ingesting market cap data, then check us out.
The World’s 1st Multi-Chain Decentralized Exchange w/ Ivan Poon from Switcheo - (Ep. 0051)
Jul 27, 2019 58:23

The World’s 1st Multi-Chain Decentralized Exchange w/ Ivan Poon from Switcheo - (Ep. 0051)

In this episode, I’m joined by Ivan Poon, co-founder and CEO of the Switcheo Crypto Exchange. Switcheo is the world’s first consumer-grade & multi-chain decentralized cryptocurrency exchange allowing users to trade across different blockchains. We discuss Switcheo’s origin story, how to market a crypto exchange, and the future of decentralized exchanges. This conversation is broken up into 7 chapters: - Chapter 1: What Switcheo is and how it’s positioned in the market - Chapter 2: Which parts of the Switcheo exchange are on-chain versus off-chain - Chapter 3: Switcheo’s core user demographics - Chapter 4: What it actually takes to grow an exchange - Chapter 5: The regulatory environment for exchanges - Chapter 6: Switcheo’s business operations - Chapter 7: The future of decentralized exchanges In this episode we discuss: How Switcheo facilitates on-chain, Atomic swaps Hash time-locked contracts (HTLCs) Proxy tokens The pros and cons of the EOS, NEO, and Ethereum blockchains The blockchains that Switcheo plans on adding Which components (custody, order books, matching engines, etc.) are on-chain vs. off-chain The two parts of trade execution How OTC Desks can use Switcheo What types of users are attracted to the Switcheo platform How many Switcheo users come from institutional backgrounds What Ivan has learned about exchange growth The strategy around the SWTH (i.e. the Switcheo Token) How to incentivize market makers Switcheo’s affiliate program Why Switcheo is looking at supporting BTC Switcheo’s position on regulation How Switcheo’s corporate entity is set up The future of decentralized exchanges  Sponsor Nomics’s Cryptocurrency Market Data API The Nomics API offers squeaky clean and normalized primary source trade data offered through fast and modern endpoints. Instead of having to integrate with several crypto exchanges, you can get everything through one screaming fast fire hose. If you found that you or your developer have to spend too much time cleaning up and maintaining datasets & ingesting market cap data, instead of identifying opportunities. Or if you’re tired of interpolated data and want raw primary source trades delivered simply and consistently with top-notch support in SLAs, then check us out here. Or if you’d like to order historical cryptocurrency market data as CSV exports from top exchanges, email us at [email protected]