Vlad Tenev

Medium term arc, which is sort of a five year, is how do we go from just being useful to traders to being truly your financial home?

Can we be where you do your banking, your retirement, give you a physical human advisor, which we offer, by the way, if you want someone to actually help you with all of your financial needs?

Is that part of the gold?

It's separate.

We acquired a company called Trade PMR, which is essentially a platform, a marketplace for human advisors.

And some people, they like having someone to talk to when they're

navigating all this stuff, particularly with multigenerational issues and setting up trusts and wills and estates, doing their taxes.

So we offer that.

That's the second arc.

How do we become number one in wallet share?

How can we build your financial home for your whole family?

The third arc, which is the longer term, I call it

number one global financial ecosystem.

And that's basically how do we go from US only or US primary to fully global?

And how do we go from retail only, which is dealing with individuals, to business and institutional?

Can we take the same things we've built for individual customers and kind of go backwards, back to our origins, serve hedge funds, serve like developers, serve advisors?

And I think that one is a big business opportunity even if it's slightly less kind of democratic in a sense because the institutions want the same things that retail wants, rock bottom rates, high quality access to markets, lots of different assets, crypto and traditional assets in one place.

And if you look at the space of institutional products,

They're probably at this point further behind retail in terms of user experience.

Well, thanks to you.