Mike Selig

Leverage is a big issue.

So leverage offshore, you see 250x, sometimes beyond that even.

In the United States, we've seen more 5 to 7x range, sometimes getting up to 10x.

Some products like the S&P products moving outside of crypto have a higher leverage.

But all this is based on certain parameters that are set by our regulations.

And we work with the clearinghouses and with the exchanges on getting right.

So for Bitcoin perpetuals and some of these products, expect to see five to seven, maybe getting up to 10x leverage, but nothing like you're getting offshore.

And that's

helpful for investors.

That does protect customer funds.

It may be not what people are excited about offshore with some of the excessive leverage.

But I think for the larger institutions that are looking to get into these contracts, and for the average investor, this is a safer product than what you see offshore due to that lack of excessive leverage.

And of course, our

our staff are looking at these products on a regular basis.

They might make adjustments to that ratio.

There's certain calculations based on, you know, a trailing 30-day average of the price and all of that that they're looking at.

But rest assured that regulations apply and that's going to help keep customer funds safe.

Well, Bitcoin and blockchain...

blockchain technology really came about on the heels of the financial crisis.

And financial crisis in large part was this issue of a lack of transparency in our markets because they were super opaque.