#CryptoCorner | Binance Expands Into TradFi Assets; Institutional Adoption Rises Shunyet Jan Of Binance To @CNBCTV18News - Apart from being an exchange, now have trading, wealth management & payments - Users will now have choices available geo

CNBC TV 18 presents Crypto Corner powered by Binance. On Crypto Corner, today we have Shania Jah, who is the Head of Spot and Derivatives business at Binance. Shanai, thank you so much for joining in. You've recently noted that the next phase of growth for Binance isn't about crypto trading, but moving into payments financial services. How are you looking to transition into that? That's a very interesting question. I think that this is something that's happening with ourselves and many others. I think our users are used to us as a crypto exchange. But you know, I think January this year we went into trade by assets. It's become very, very popular and almost 30 to 40% of our volume. And I think when users look at us, they want choices and it's, you know, it's trading, it's wealth management, and it could be payment. So we we are trying to build all these things together so our users have the broadest choices available geographically, asset class and best of use. Shared With Binance seeing overwhelming demand for its US equities offerings from emerging market users, what are the biggest structural hurdles for traditional institutionally driven markets to adopt to a borderless 24 by 7 market? That's a very good question. Well, so I think the success of Binance in Trophy is because of a lot of our users might not have access to global equity markets. I I think if you're in you know, Western Europe or US, it's very easy to get access to US or other global markets. And we, we have users everywhere in the world. We have over 300 million users and I think it is a first for crypto native users and many emerging market. Users to get access to this you know I think crypto exchanges has always been 24/7 so we have taken parts that are. Native 24/7 and some exchanges, like if you look at the traditional exchanges, we can't change them, but you know, we accept what hours they are available and let our users access them when it's available. Pontiac and the data also suggests that a substantial portion of users in emerging markets, quite significantly our youngsters. As a trading head, how do you see their investment behaviour differing from Western institutional capital, especially when dealing with high volatile events? Interesting. So I, I think our user base is different. We are more retail heavy. We do have a lot of institutional clients. So I, I think we, I mentioned earlier, we're more emerging markets, we're more, we tell heavy and I think based on what we see retreating is that most of our users like to see things are on the headline news. You know, I think the, the, the themes that have been popular recently, semiconductors, AI and anything related to that have been popular. With our users, so I think a lot of our user more thematic than maybe you know institutional global investors, which if you look at their volume is usually very equal to market cap. We're also seeing massive multi billion dollars is single day inflow sometimes into spot ETFs. How has that explosion led to these institutional products affect the native liquidity on spot and derivative book orders? Well, they feed off each other. So, you know, not all participants have access. So if you look at spot ETF, those are usually on traditional exchanges on regular trading hours. And they're sort of a wrapper of a crypto asset, just like ETF's a rapper on equities, right? So I, I think, you know, when there's volume on one and there's creation redemptions, they need to hedge themselves on crypto exchanges. You know, business is the most liquid crypto. Change for spot and derivatives. So if there's traffic volume, it doesn't really take away they complement each other and we actually are seeing, you know people who have access to both exchanges hedging and market making on both if possible if they have the ability to. A final question, it's a very volatile market at the end of the day. How are you looking at various macros to begin with? And what would you say is the risk management that Binance is working with right now? So I, I think you're right, crypto assets historically was very volatile. I think right now it's actually calmed down as it becomes more institutionalized. It's sort of the relative volatility of most crypto assets, especially the large senior senior coins and all coins volatility is sort of closer to that of large cap equity markets. So that's a little bit better. But I think, you know, cryptos are 24/7. So which in a way makes us. I guess risk management a little bit easier because you don't have the gap risk. I think you know, now that we have traffic and we have cryptos, we need a very secure 24/7 of risk management layer that incorporates, you know, the correlations between the assets of 24/7 and with traffic though the gap risk when the markets are closed. So it's actually much more complicated to do than many other exchanges which have one asset class in one geographic region. CNBC TV 18 presents Crypto Corner powered by Binance.