Welcome to the Crypto 101 podcast presented by Gemini, your bridge to the future of money.

All right, everybody, gather around. I hope you're having a fantastic morning, noon, or night, wherever you are in the world.

You are certainly in the right place. We are going to be diving into some incredible, incredible things

today, all around algorithmic trading and business building as well. We have an incredible

guest, Mr. Ian Weisberger, the CEO and founder of Coin Routes. Ian, welcome to the show, and how are you doing? Yeah, thanks for having me, Bryce. It's been pretty good. I actually am on my way home back to Dubai from the Plan B conference that Tyler put on in Lugano. So it's definitely been an interesting couple weeks in crypto. Man, that sounds awesome. Brendan, you ever made your way out to Dubai? I've yet to do it, but I've seen a lot of people like it out there. Like it looks like a cool place. I heard that the food's pretty good. Obviously, it doesn't rain a lot. So it's already pretty different from Florida. but. Yeah. That's awesome.

Yeah, I've been once and spent a couple weeks out there and really did fall in love with that city.

So it's cool that you're living out there full time.

Yeah, yeah, yeah.

Well, so before we dive into your background, tell us about the Plan B conference.

What was that all about?

Yeah, I mean, it was really interesting to connect with all the ecosystem participants in Tether. And, you know, if you guys remember when BitFenex was a big exchange back originally, they're kind of the OGs. But now most more people I would say know about Tether versus BithFenX. But it's actually interesting. I forgot the actual numbers, but they're very, like like low on overall volume rankings, but they're like, I think number four in terms of assets still. So they have a ton of assets. It's just the asset, the velocity of the actual trading is lower. But it's, and I think that's also really interesting to compare them versus Binance, who over the past couple weeks has seen, I think, you know, 20 billion in outflows or something, something crazy like that.

So it's been interesting to see the different exchanges in the ecosystem over the years.

Yeah, it seems like Bitfinex historically has had really good liquidity, but like none of the like wash volume that Binance and a lot of these offshore exchanges just generate.

Yeah. Yeah.

Yeah, for sure.

I mean, the thing is everyone's been, been, you know, it's interesting is a couple, was it like two weeks ago now, Black Friday and Crypto.

Oh, yeah.

People, I think, realized that these per future venues weren't like real, if that makes sense and that you know they thought

they had a position they thought they had they were long 10 bitcoin but they got or short or whatever

but they got washed out by the auto deleveraging mechanism so i think people now are realizing that

you know trading on these perp venues is not actually the same as holding or you know shorting spot

so it's been it's been interesting to see how that's kind of evolving. Yeah. Did, uh, did coin routes help folks navigate a little bit of that Black Friday event on October 10th? What was your experience? Yeah, it's a good question. I mean, look, it's one of those things where when you're in it at the heat of the moment, you feel like the world's on fire, but actually we didn't go down. Our system was great. None of our clients got washed out, which is amazing because I literally told all our, you know, all our relationship managers and sales guys to, you know, be at the phone bank, so to say, you know, making sure that all of our clients were okay. But yeah, no, we definitely saw certain people got stopped out of positions that that shouldn't

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