Welcome to the second episode of Season 2 of The Flow — the go-to podcast for all things crypto market structure and the people shaping its evolution. This time, we're shaking things up as Leo Hmelnitsky steps into the host's chair to engage in a compelling conversation with Konstantin Shulga, the visionary CEO and co-founder of Finery Markets.In this episode, they cover a range of captivating topics, including:- What it takes to start the journey from traditional trading to the crypto world,- The groundbreaking evolution of ECNs within digital assets,- Navigating the post-FTX era and the surge towards decentralization,- The latest regulatory shifts in the US and EU,- And the unstoppable rise of institutional crypto adoption.A must-watch for anyone serious about the infrastructure side of crypto.🎙 Guests: • Konstantin Shulga — CEO, Finery Markets • Leo Hmelnitsky — Chief Strategy Officer at Spotex, early investor in Finery Markets🔗 Like, comment and subscribe to stay tuned!Books mentioned in the episode:

1. The Fountainhead by Ayn Rand (https://www.goodreads.com/book/show/2122.The_Fountainhead)2. The Flashboys by Michael Lewis (https://www.goodreads.com/book/show/24724602-flash-boys)

About Finery Markets Finery Markets is a leading technology provider of non-custodial crypto ECN and trading SaaS, specifically designed for institutional clients across more than 35 countries. The company offers the first hybrid, crypto-native ECN technology, enabling trading via an aggregated order book or RFQ. Since its launch in 2019, Finery Markets has expanded its ecosystem, now serving over 150 digital asset clients—including payment providers, brokers, OTC desks, hedge funds, and custodians. Finery Markets enhances capital efficiency, ensures optimal execution, assists in risk management, and simplifies settlement processes. In 2024, Finery Markets was recognized as one of the top 50 rising stars in the Deloitte Technology Fast 50 competition.✅ Subscribe to our channel here: @FineryMarkets ► To join Finery Markets visit https://finerymarkets.com/ ► Follow us on Twitter: https://x.com/finerymarkets ► Find us on LinkedIn: https://www.linkedin.com/company/finerymarkets/

In this episode of The Flow podcast, Konstantin Shulga, CEO of Finery Markets, speaks with Mike Holstein, Co-Founder and Chief Revenue Officer of Coinroutes. They discuss how Coinroutes is applying institutional-grade trading tools to the crypto market, Mike’s journey from Wall Street to digital assets, and why derivatives are increasingly dominating the trading landscape. They also explore how Coinroutes builds redundancy, connectivity, and infrastructure to handle crypto’s unique challenges.The Flow by Finery Markets In this branded podcast series, we dive into the exciting world of institutional crypto trading. Each episode explores the currents shaping the digital asset markets, offering listeners a unique blend of expert insights, industry trends, and forward-thinking strategies. Hosted by Finery Markets' thought leaders and featuring a roster of distinguished guests from across the financial and technological landscapes, The Flow navigates through the complexities of electronic trading infrastructure, regulatory landscapes, and the evolving dynamics of liquidity and market making.About Finery Markets Finery Markets, a premier non-custodial crypto ECN, provides cutting-edge trading infrastructure for institutional players in over 30 countries. We seamlessly connect clients across LATAM, North America, Europe, Asia, and Africa. Our goal is to power trading technology behind world's leading brokers, exchanges, OTC desks, payment providers and custodians. Since our launch in 2019, we have been growing our ecosystem, serving 100+ digital asset players, including payment providers, brokers, OTC desks, hedge funds, and custodians. We connect digital asset players and provide them with seamless access to a vast network of partners, enabling them to navigate their operations smoothly and efficiently. ✅ Subscribe to our channel here: @FineryMarkets ► To join Finery Markets visit https://finerymarkets.com/ ► Follow us on Twitter: https://x.com/finerymarkets ► Find us on LinkedIn: https://www.linkedin.com/company/finerymarkets/

In this episode of "The Flow," Konstantin Shulga, CEO and Co-Founder of Finery Markets, sits down with Graham Rodford, CEO and Co-Founder of Archax, to discuss the journey of building the first fully regulated crypto exchange in the UK. Graham shares insights on the challenges of navigating the complexities of regulation, liquidity, and institutional adoption in the crypto market. They explore the future of tokenized assets, the importance of credibility, and how Archax is positioning itself as a leader in digital securities.

Books mentioned in the episode:

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The Flow by Finery Markets

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In this episode of The Flow, host Konstantin Shulga, CEO and Co-Founder of Finery Markets, sits down with Tom Higgins, CEO of Gold-i, to discuss the evolution of trading technology in both FX and crypto markets. Tom reflects on his journey from working in traditional finance to founding Gold-i in 2008, sharing insights on building cutting-edge technology for brokers and liquidity providers. They cover how the FX space has evolved and how similar trends are now shaping the crypto world.

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The Flow by Finery Markets

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In this episode of The Flow, host Konstantin Shulga, CEO and Co-Founder of Finery Markets, sits down with Rob Hadick, Partner at Dragonfly VC, to explore Rob's journey from traditional finance at Goldman Sachs to the cutting-edge world of cryptocurrency and decentralized finance (DeFi). Rob delves into the post-FTX shift in crypto market structure, emphasizing the rise of hybrid on-chain/off-chain solutions and the ongoing evolution of institutional adoption in the digital assets space. He also shares insights into Dragonfly’s selective investment strategy, touching on the transformative potential of stablecoins, DeFi, and new market structure innovations.

Whether you're curious about the future of crypto trading or want to understand the VC perspective on market trends and innovations, this episode delivers expert knowledge and engaging discussion.

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The Flow by Finery Markets

In this branded podcast series, we dive into the exciting world of institutional crypto trading. Each episode explores the currents shaping the digital asset markets, offering listeners a unique blend of expert insights, industry trends, and forward-thinking strategies. Hosted by Finery Markets' thought leaders and featuring a roster of distinguished guests from across the financial and technological landscapes, The Flow navigates through the complexities of electronic trading infrastructure, regulatory landscapes, and the evolving dynamics of liquidity and market making.

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About Finery Markets

Finery Markets, a premier non-custodial crypto ECN, provides cutting-edge trading infrastructure for institutional players in over 30 countries. We seamlessly connect clients across LATAM, North America, Europe, Asia, and Africa. Our goal is to power trading technology behind world's leading brokers, exchanges, OTC desks, payment providers and custodians.

Since our launch in 2019, we have been growing our ecosystem, serving 100+ digital asset players, including payment providers, brokers, OTC desks, hedge funds, and custodians. We connect digital asset players and provide them with seamless access to a vast network of partners, enabling them to navigate their operations smoothly and efficiently. 

► Subscribe to our channel here: / https://www.youtube.com/@FineryMarkets 

► To join Finery Markets visit https://finerymarkets.com/

► Follow us on Twitter: / https://twitter.com/finerymarkets 

► Find us on LinkedIn: / https://www.linkedin.com/company/finerymarkets/

In this episode of "The Flow," we sit down with KeyRock CEO Kevin De Patoul to discuss the infrastructure necessary for efficient market-making in digital asset markets, the challenges of maintaining compliance and integrity in the crypto industry, and the future of market-making in both crypto and traditional financial assets. 

#cryptocurrency #fintech #primebroker #cryptobroker #LTP #FineryMarkets #digitalassets #marketstructure #tradinginfrastructure #crypto 

This video is a must-watch for crypto enthusiasts, investors, and finance professionals looking to dive into the global crypto landscape. Be sure to hit the like button, share with your network, and subscribe for more valuable content. 

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The Flow by Finery Markets

In this branded podcast series, we dive into the exciting world of institutional crypto trading. Each episode explores the currents shaping the digital asset markets, offering listeners a unique blend of expert insights, industry trends, and forward-thinking strategies. Hosted by Finery Markets' thought leaders and featuring a roster of distinguished guests from across the financial and technological landscapes, The Flow navigates through the complexities of electronic trading infrastructure, regulatory landscapes, and the evolving dynamics of liquidity and market making.

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About Finery Markets

Finery Markets, a premier non-custodial crypto ECN, provides cutting-edge trading infrastructure for institutional players in over 30 countries. We seamlessly connect clients across LATAM, North America, Europe, Asia, and Africa. Our goal is to power trading technology behind world's leading brokers, exchanges, OTC desks, payment providers and custodians.

Since our launch in 2019, we have been growing our ecosystem, serving 100+ digital asset players, including payment providers, brokers, OTC desks, hedge funds, and custodians. We connect digital asset players and provide them with seamless access to a vast network of partners, enabling them to navigate their operations smoothly and efficiently. 

► Subscribe to our channel here: / https://www.youtube.com/@FineryMarkets 

► To join Finery Markets visit https://finerymarkets.com/

► Follow us on Twitter: / https://twitter.com/finerymarkets 

► Find us on LinkedIn: / https://www.linkedin.com/company/finerymarkets/

Welcome to a new episode of The Flow podcast, where Konstantin Shulga, CEO and co-founder of Finery Markets, sits down with Jack Yang, CEO of LTP, the top prime-broker in digital assets in the APAC region. In this episode, they delve into the world of prime brokerage in digital assets and how it is reshaping the crypto market.

As the crypto market structure continues to evolve, prime brokers are adopting best practices from traditional finance. They discuss the definition of a prime broker in digital assets and the crucial role they play in managing risks within the crypto space. The conversation also touches on whether the development of prime brokerage will lead to market consolidation or if the industry will remain fragmented.

Additionally, they explore the future of De-Fi for institutional players and how increased accessibility through prime brokerage services could drive overall growth in the crypto market. Tune in for an insightful discussion on the evolving landscape of digital assets and the impact of prime brokerage on the industry.

#cryptocurrency #fintech #primebroker #cryptobroker #LTP #FineryMarkets #digitalassets #marketstructure #tradinginfrastructure #crypto

This video is a must-watch for crypto enthusiasts, investors, and finance professionals looking to dive into the global crypto landscape. Be sure to hit the like button, share with your network, and subscribe for more valuable content.

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The Flow by Finery Markets

In this branded podcast series, we dive into the exciting world of institutional crypto trading. Each episode explores the currents shaping the digital asset markets, offering listeners a unique blend of expert insights, industry trends, and forward-thinking strategies. Hosted by Finery Markets' thought leaders and featuring a roster of distinguished guests from across the financial and technological landscapes, The Flow navigates through the complexities of electronic trading infrastructure, regulatory landscapes, and the evolving dynamics of liquidity and market making.

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About Finery Markets

Finery Markets, a premier non-custodial crypto ECN, provides cutting-edge trading infrastructure for institutional players in over 30 countries. We seamlessly connect clients across LATAM, North America, Europe, Asia, and Africa. Our goal is to power trading technology behind world's leading brokers, exchanges, OTC desks, payment providers and custodians.

Since our launch in 2019, we have been growing our ecosystem, serving 100+ digital asset players, including payment providers, brokers, OTC desks, hedge funds, and custodians. We connect digital asset players and provide them with seamless access to a vast network of partners, enabling them to navigate their operations smoothly and efficiently.

► Subscribe to our channel here: / https://www.youtube.com/@FineryMarkets

► To join Finery Markets visit https://finerymarkets.com/

► Follow us on Twitter: / https://twitter.com/finerymarkets

► Find us on LinkedIn: / https://www.linkedin.com/company/finerymarkets/

Welcome to a fresh episode of The Flow podcast, an insightful conversation between Konstantin Shulga, CEO and co-founder of Finery Markets, and Tim Bevan, CEO of ETC Group, Europe's leading provider of crypto ETPs (exchange-traded products). This episode is a treasure trove of knowledge for those interested in ETPs impact on and digital assets.

In 2024, the green light for Bitcoin ETFs sparked a crypto market frenzy. This unparalleled surge led to Bitcoin reaching all-time highs, followed by dramatic swings. How does this impact the future of this asset class? What's on the horizon for Ethereum? Is it a fast-growing blockchain layer 1 network or a tech enterprise with its revenue stream coming from distributed ledger technology?

In this episode, Tim and Konstantin discuss the role and future of exchange-traded products in shaping demand for digital assets among retail and institutional investors. They explore whether increased accessibility can fuel the overall growth of the crypto market.

About Finery Markets

Finery Markets, a premier non-custodial crypto ECN, provides cutting-edge trading infrastructure for institutional players in over 30 countries. We seamlessly connect clients across LATAM, North America, Europe, Asia, and Africa. Our goal is to power trading technology behind world's leading brokers, exchanges, OTC desks, payment providers and custodians.

Since our launch in 2019, we have been growing our ecosystem, serving 100+ digital asset players, including payment providers, brokers, OTC desks, hedge funds, and custodians. We connect digital asset players and provide them with seamless access to a vast network of partners, enabling them to navigate their operations smoothly and efficiently.

Welcome to a new episode of the The Flow podcast, hosted by Konstantin Shulga, CEO of Finery Markets. The digital assets market is rapidly adopting some of the best practices from traditional finance. The use of clearing houses to debundle market structure and derisk is one of them. We could hardly imagine someone better to dive into this topic than Benjamin Stephens, CEO of ClearToken, the world’s first clearing house in the crypto space.

In this one-hour episode, Benjamin and Konstantin explore the indispensable role of clearing houses in the post-FTX landscape, where they enhance market safety by managing risk and allowing competitors to settle transactions smoothly. Benjamin explains how ClearToken operates at the intersection of innovation and regulation, providing crucial infrastructure that supports frequent settlements and introduces greater flexibility in the crypto trading process.

The discussion also covers the challenges of bridging the operational differences between traditional financial systems and the crypto market. This includes integrating processes like Delivery Vs Payment, which are well-established in traditional markets but face complexities within the blockchain environment. Benjamin sheds light on how solutions like ClearToken's settlement netting could evolve into fully-fledged clearing house services with margin.

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The Flow by Finery Markets

In this branded podcast series, we dive into the exciting world of institutional crypto trading. Each episode explores the currents shaping the digital asset markets, offering listeners a unique blend of expert insights, industry trends, and forward-thinking strategies. Hosted by Finery Markets' thought leaders and featuring a roster of distinguished guests from across the financial and technological landscapes, The Flow navigates through the complexities of electronic trading infrastructure, regulatory landscapes, and the evolving dynamics of liquidity and market making.

__

About Finery Markets

Finery Markets, a premier non-custodial crypto ECN, provides cutting-edge trading infrastructure for institutional players in over 30 countries. We seamlessly connect clients across LATAM, North America, Europe, Asia, and Africa. Our goal is to power trading technology behind world's leading brokers, exchanges, OTC desks, payment providers and custodians.

Since our launch in 2019, we have been growing our ecosystem, serving 100+ digital asset players, including payment providers, brokers, OTC desks, hedge funds, and custodians. We connect digital asset players and provide them with seamless access to a vast network of partners, enabling them to navigate their operations smoothly and efficiently. 

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✅Subscribe to our channel here: / https://www.youtube.com/@FineryMarkets 

► To join Finery Markets visit https://finerymarkets.com/

► Follow us on Twitter: / https://twitter.com/finerymarkets 

► Find us on LinkedIn: / https://www.linkedin.com/company/finerymarkets/

Finery Markets CEO, Konstantin Shulga, sits down with the Former CEO of Instinet, Doug Atkin, to embark on a candid discussion about electronic trading infrastructure, from its origins in the world of traditional finance and its prospects in the institutional crypto trading space.

This podcast takes viewers and listeners back to the early days of Instinet for a proper understanding of the challenges faced by traditional finance that led to the creation of electronic trading venues. Konstantin and Doug share their thoughts on the similarities between traditional finance and crypto in terms of market structure and institutional infrastructure requirements and point at the challenges ahead of the digital assets industry.

About Finery Markets

Finery Markets, a premier non-custodial crypto ECN, provides cutting-edge trading infrastructure for institutional players in over 30 countries. We seamlessly connect clients across LATAM, North America, Europe, Asia, and Africa. 

Since our launch in 2019, we have been growing our ecosystem, serving 100+ digital asset players, including payment providers, brokers, OTC desks, hedge funds, and custodians. We connect digital asset players and provide them with seamless access to a vast network of partners, enabling them to navigate their operations smoothly and efficiently. Our goal is to power trading technology behind world's leading brokers, exchanges, OTC desks, payment providers and custodians.