A Market in the Making: Providing the Best Experience for Retail Traders
A Market in the Making Webinar Episode 1
Providing the Best Experience for Retail Traders
July 20, 2020
A Market in the Making is a webinar series featuring the numerous players working together to build the digital asset trading infrastructure. Hosted by Woorton, the leading European market maker, the series welcomes some of their key partners to discuss macro trends, user experience and joint efforts to build the digital asset market.
During the first episode, PBWS welcomed Charlie Meraud, CEO of Woorton and Giulia Mazzolini, Country Manager France at Bitpanda for an exclusive webinar. Bitpanda, the leading European investment platform, is a key partner of Woorton and a longtime friend of the Paris Blockchain Week Summit.
Charlie and Giulia discussed what makes a crypto exchange stand out from the crowd, the particularities of the French crypto exchange market, and more.
Here’s a preview of some key takeaways:
1. Market makers help exchanges to increase their liquidity and volume.
2. Exchange users tend to be more experienced than broker users.
3. How can exchanges stand out from the competition?
4. The French crypto market is evolving and attracting key players.
1. Market makers help exchanges to increase their liquidity and volume.
Market makers are extremely important for an exchange, as they help to increase liquidity and volume. More users means more volume, and the most efficient way to build up liquidity is via market makers. According to Giulia, Bitpanda has seen a more positive effect on volume after working with Woorton for just 1 year.
2. Exchange users tend to be more experienced than broker users.
Broker users tend to be individuals who want to discover a new asset class, buy crypto assets, build a portfolio, and hold it for a long period of time. Exchange users are generally more experienced and are trying to optimize execution to get the best price.
3. Exchanges need to stand out from the competition.
Given the huge number of competitors in the crypto exchange market, it can be a challenge to stand out. Giulia talks about how Bitpanda has successfully done so by conforming to regulations, making the platform easy to use, and hosting the platform in-house in order to resolve any technical issues as fast as possible.
4. The French crypto exchange market is evolving and attracting key players.
Charlie describes how French authorities were ahead of the game because they created regulatory frameworks for blockchain before the big players came to the country. Now, big players like Bitpanda are coming to France, because it is one of the most attractive countries to launch an exchange.
According to Giulia, France’s creation of a regulatory framework ahead of other countries “shows a willingness to progress and build something in some ways, it provides a framework for people to trust organizations like ourselves and other players that crypto is a legitimate industry and we are building regulations for it.”
This was just a preview of the insights from the webinar.
Charlie Meraud is the co-founder of Woorton, the Paris Blockchain Week and the French Digital Asset Association and has been active in the field since 2016. Before that, Charlie worked on a Credit and Forex Solutions Sales desk where he traded about €750M per year mainly in repo, forex and interest rates with CEEMEA clients ranging from banks to assets managers and insurers. After that, he was part of the launch team of Blackfin Capital Partners venture fund which raised €180M to invest in European fintech startups from early stage seed to Series B. He left a management position at the one of the fastest growing startups in Singapore to dedicate himself to cryptocurrencies in France.
Giulia Mazzolini
Country Manager France at Bitpanda
Giulia is half French and half Italian and she is the Country Manager for France at Bitpanda, in Vienna. Her primary role is to drive growth in France. Prior to joining Bitpanda, Giulia worked two years at Bloomberg in London. She was part of the sales team covering French speaking territories such as France, Switzerland, and Monaco. She also has experience working with entrepreneurs. Giulia spent one year building a program to help startups with their fundraising in London and Paris.
Smart contracts can be used to transfer goods and assets, The blockchain initiates transfers based on criterias established by the Blockchain. A smart contract is a computer software executing contractual agreements between two parties in an irreversible manner.
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