Hello and welcome to this special edition of Markets Daily. My guest today is CoinDusk Indece's

head of product, Andy Bear. Andy. Great to see you. We don't often get to do this show, just the two of us.

I know. We had to come all the way to Dubai to get this done. We had to come all the way to Dubai to get

this done, but here we are. We are doing it. We're here for an OKX event. And we were talking about the news while we were preparing for this.

OKX launched in the United Arab Emirates. And they launched with something that is kind of incredible.

They're trading more than 280 cryptocurrencies and 480 trading pairs. Talk to me a little bit more about why that is remarkable in the current regulatory

environment. I mean, hearing the story, and of course we're hearing it right from the

OKX's mouth here that they worked for this for three years. They worked with VARA. They made a lot

of progress and launching both a retail product and an institutional product, derivatives for

institutions and qualified

investors, but right out of the gate, you know, hundreds of tokens and even more hundreds

of pairs.

Plus their retail customers will be able to fund with local currency and trade Bitcoin, Ether,

and Tether local currency.

So it looks like, unlike some of the other jurisdictions, the regulator is promoting an idea where

this regulated exchange is really interesting enough and provides a varied enough product

to get them to use it and to maybe off board from some of the other providers that they'd been using before.

Do you think this is going to set some kind of regulatory,

precedent's not the right word, but do you think regulators and other jurisdictions?

Jealousy.

Jealousy is going to look at that and think, oh, maybe we should do that.

Maybe we should start allowing exchanges to offer these products like this.

...