I think confidence and trust is something that ultimately it's built every day over a lifetime,

right?

There's not any one thing that you could ultimately attribute it to.

I think from the beginning, we've tried to build backpack and the way that we felt was the right

way.

Hello, you're watching Coin Desk. felt was the right way.

Hello, you're watching. CoinDesk.

Joining us now is Armani Ferranti, the CEO of Backpack to discuss the launch of Backpack

EU, a new regulated crypto derivatives exchange.

This launch follows the acquisition of FTXEU and positions the company as one of the

first in Europe

to offer perpetual futures under the Method 2 framework Armani. Hello.

Hey, Jen. How's it going? Not bad. How are you doing? I imagine you are riding high after the

launch of this new exchange. Yeah, I mean, people tend to want to celebrate with these milestones, but we're just

back in the office and back to work. Well, I mentioned in my intro that you are one of the only

exchanges in Europe. I believe the quote in the story that was released on CoinDesk yesterday was

it's just going to be you and Cracken offering regulated perpetual futures. Talk to me a little bit about the product and how

you plan to differentiate yourself from Cracken and other entrants as they enter this market.

Yeah, it's a great question. I mean, I think there's so much that goes into building a derivatives

product. There's everything from, you know, the markets that you list, from the performance and stability of the exchange to all of the small little details that traders know and love when it comes to just building a great product.

You can't attribute it to any single thing.

My favorite saying is brick by brick.

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