- No immediate changes to our team / hiring plans / go forward budgets etc.
- We will develop contingency plans but expect that we will keep growing and they won't be needed
- How we manage through this will be a bellwether for how we will do once we enter the "new normal"
- Rapidly launch new products / features
- Provide unparalleled client service
- Manage risk effectively
- Stay true to our values (pragmatic pioneering, clients not customers, individual effort - collective success, transparency builds trust
Capital Position:
- Recent series B fundraise and strong financial performance enable us to approach this market event opportunistically
- Institutional clients are primarily market makers who do well in periods of volatility
- No consumer credit exposure
- With our current client base, we are still early in our adoption cycle within just our first addressable market of crypto investors (estimated to be low single digit millions just in the US)