![]() ![]() For the last few decades, the economic growth there has been tremendous. There is a lot of money flowing in China. China actually has a lot of novice traders who don’t really know much.įorbes: Is that a function of pretty restrictive capital markets that they don't have a lot of other options? Why do you think they're that way?ĬZ: I don't know why exactly. investor needs to know about trading patterns and the trading industry in Asia?ĬZ: China is more of a speculative market-and that's not a recommended way for trading. In many ways, it is the largest, yet it's a black box to a lot of people that don't have the time to read Twitter, Discord, etc. One of the reasons I wanted to speak with you is because I want them to get a sense of the Asian market. It is not just a number of coins.įorbes: A lot of Forbes readers are American or U.S.-based. Both were very widely copied by the industry. So we designed one full-screen trading, actually two versions of it. We said, this is not how trading should work. For example, on the product side, when you traded on most websites, you had to scroll up to see the chart and scroll down to place orders-a very non-intuitive way of trading. So I think listing a high number of tokens was an advantage, but being more international was also the first thing we did. Even today, others mostly provide customer support in one language they're very country specific. ![]() Our customer support is in 16 different languages. Today, we support 31 languages on our interfaces. We had support for four languages on the day we launched and nine languages within a month. Those are the bigger countries, bigger economies, but we saw that no one was really servicing 80% of the economy outside of those countries. There's a bunch of exchanges in Japan, and they focus on the Japanese market. And even though they do have the bilingual interface, English and Chinese, the way they run operations is very Chinese. Okcoin and Huobi were focused mainly on China. Poloniex and Bittrex, which were the biggest exchanges back then, their trading volume was bigger than that of Coinbase. Coinbase and Kraken were focused on the U.S. When we first started, there were very few exchanges that were internationally focused. But we didn't really think about Coinbase that much. To be frank, we could take that view, and most people may agree with it. ![]()
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