The wallet is going to be inherently social by virtue of being inside of Telegram.

And if we do want to encourage Web2 to enter crypto, we do have to focus on the social aspect.

So this is what actually I think defines Telegram is a social messaging app.

It's not like another service where it might be just end-to-end peer-to-peer messaging,

but actually where people discuss crypto, and trade crypto from within the messaging app.

Today it's launching perpetual futures trading, giving its hundreds of millions of registered

wallet users the ability to open long and short positions with up to 50x leverage.

Joining us now to discuss is Wallet and Telegram Chief Strategy Officer Halil Maracquit.

Hey, Halil.

Hey, Jen. How are you today?

I'm doing well. We're here to talk about this launch today. So just lay the groundwork for us.

Talk to us about what's going on.

Sure. So wallet is a crypto wallet, which is natively embedded into the telegram messenger.

So our goal is to enable crypto for every single telegram user, of which there are currently

1 billion multi-active users in the world.

And today what we're announcing is the launch of our perpetual futures program for the wallet.

So now our users can, in most jurisdictions, actually try perpetual futures for the first time directly

inside their telegram application. You said most jurisdictions, which ones are excluded?

So we will have a terms of conditions where we actually put down everywhere where you can

and cannot use the service. But these are the usual countries that are usually not permitted

by exchanges and other platforms.

Well, talk to me a little bit about what's being offered here.

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