CoinMetro: Enabling FX Trading for All
Santiago Velez, entrepreneur and digital asset investor for Block Digital Corporation & AD, Inc., hosts Kevin Murcko, CEO of CoinMetro, to discuss CoinMetro, regulation, exchanges, and the future of the space. After first reading the Bitcoin white paper in 2009, Murcko saw the future of tokenized securities, but it was not until 2015 when FX clients were looking for exposure to Bitcoin, he noted that there was no real location for tradable liquidity. He also saw that customer service was inadequate and that the standardization of platforms, while present in traditional FX and equities markets, did not exist in crypto, putting novice traders at a disadvantage. Murcko aimed to solve this with CoinMetro—while some may see this not as an attribute from a financial platform, Murcko thought this was critical to address barriers to entry. Filmed May 28, 2021. Key Learnings: Aside from education, Murcko believes that fees and operability during volatility is something that all traders look at. With CoinMetro, Murcko aims to not only have the lowest fees, but also is transparent as to what they are. He explains that large volatile moves in the market cause many exchanges go offline, the reason being that many are taking internal risk on positions and trading against users. CoinMetro does not trade against their clients—instead, with straight through processing (STP), CoinMetro allows clients to take no risk inside of their own books, which enables service to stay online during volatility and, by extension, permits users to continue to trade easily and successfully.