Providing Institutional-Grade Liquidity with Philippe Bekhazi

Today, we are talking with Philippe Bekhazi, the CEO of XBTO.
In 2015, we were the first to provide institutional-grade liquidity to major trading platforms. Since then, we have made significant efforts to create stability in the cryptocurrency markets. We continue to grow and shape the industry through our extensive technical knowledge of market infrastructure and investments in market-related blockchain technology companies. XBTO consistently ranks among the leading traders by notional trade volume.

XBTO offers global access to crypto finance. As fintech entrepreneurs and investors, we constantly unlock new opportunities by anticipating the rapidly changing needs of the industry. We use advanced technology and proprietary algorithms to trade cryptocurrencies and crypto derivatives. We are active in platform trading, over-the-counter (OTC) trading, asset management, venture capital, and cryptocurrency mining. Not only that, but we are also developing cutting-edge solutions for stablecoins.

We build relationships with industry leaders and help set the standards for this dynamic, fast-paced market. We seek to provide the industry with best-in-class quality, security, and reliability.

XBTO identifies and unlocks trading opportunities while minimizing risk. We have global access and focus.

Off-exchange trading combines market liquidity with discretion, accountability, and negotiable terms. Traders can execute large transactions promptly without the price slippages and order book visibility of exchange trading.

Most banks, initially, will look at Bitcoin. The next area they will most likely consider are stablecoins as they are fairly easy to understand, compared to other, more volatile, crypto. Some banks may start with stablecoins first, due to their stable nature of being pegged to assets they are more familiar with.

Banks are starting to converge towards crypto exchanges, and the crypto exchanges will become like banks, as Kraken is doing. USDC-Circle is another exchange that is exploring the option of becoming like a bank. As many, like Coinbase, begin to offer debit cards, they become the hubs for customers to do their spending for non-crypto based transactions. Coinbase offers direct deposit for their employees, so employees can have their money go directly into their Coinbase account, and then, spend it with their debit card.

While there is the software side—blockchains, DeFi exchanges, like UniSwap—that is not regulated, you then have the other side that has all the regulations, when it comes to directly dealing with the exchange and transferring of money, which in the US, can cause innovations to proceed at a slower pace than in other parts of the world.
For more on XBTO: https://www.xbto.com/

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The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to www.teller.finance/