Carmen Li

It's a lot of conversation.

It's actually pretty standard conversation.

And right now, we have 8 million pricing points globally, around 200 data sources.

It's pretty much BAU.

A lot of people will say, hey, Karma always bring it up.

Can I have your data?

That's always my ending.

So I can't comment on other people's mythology because I actually don't know.

Different data, raw data, different mythology will eventually drive the different prices.

So the way I would look at this is, you know, it's always smart for anyone to look at multiple data sources and then figure out what is the actual decision you have to make, which data source do you trust?

the market always vote.

Once those things start trading, the market always gravitates with things that actually help them hatch, right?

If you're easily manipulatable, if you are not data source, people actually use you hatch, what's the point aside from speculation, right?

So, you know, I love to say, I mean, I also strongly believe we're the best, but again, I will let the market decide, which will happen very soon.

The conversation has been going on for a very long time with various banks, various market participants, speculators.

They are all very excited.

So some banks obviously have those both sides of the trade, right?

So they can cross off some positions internally.

That's great.

Obviously some, they have to use leverage external products.