We have to acknowledge that Asia is the center of the growth in the digital asset space.

So it's quite natural to see Singapore basically pushing a new limit by bringing the listed

on a traditional exchange.

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loan in the Figure app today. I'm delighted to be joined by Laurent Poirot, head of strategy

for derivatives at SGX Group. Lauren, it's great to see you. Great for having me, Andy. Thank you very much.

We have a case of the Mondays in the markets in Asia this morning where things started

to weaken a little bit.

The prevailing sentiment in at least the crypto markets had been that we had found a bottom.

Here in New York, it was a case of the Sunday Scaries.

What was your reaction to how the markets opened on Monday morning in Asia?

Well, we used to see such price action during the weekends, and now I would say things

are normalizing.

We had the Black Friday's feeling.

We had a week opening on Monday.

So maybe it's a sign that this market is becoming more institutional, and it's still

...