Digital Social Hour - The Hidden Truth About Crypto Trading: Market Maker Reveals All | Nick Murphy DSH #915

Episode Date: November 23, 2024

🚀 The hidden truth about crypto trading exposed! 💥 A top market maker reveals insider secrets you won't believe. Get ready for an eye-opening look into the world of high-stakes crypto trading and OTC deals. Discover how the pros handle massive trades without crashing the market. Learn about the challenges of crypto banking, the future of digital currencies, and the real story behind market volatility. This episode is packed with valuable insights for traders, investors, and crypto enthusiasts alike! From executing billion-dollar trades to navigating regulatory hurdles, our guest spills the beans on what really goes on behind the scenes. You'll hear about: • The secret to 100% client retention in a cutthroat industry • Why overthinking is your worst enemy in trading • How childhood trauma shapes successful entrepreneurs Don't miss out on this candid conversation that pulls back the curtain on crypto's biggest players. Whether you're a seasoned trader or just crypto-curious, this episode has something for everyone. Watch now and subscribe for more insider secrets from the world of crypto and beyond! 🎬 Join the conversation and let us know your thoughts in the comments. 💬 #CryptoTrading #MarketMaker #DigitalCurrency #TradingSecrets #Cryptocurrency #bitcoin #cryptonews #cryptoarbitragetrading #ethereum #livetrading CHAPTERS: 00:00 - Intro 00:40 - Ace Trading Operations 06:50 - Nick's Success Journey 08:50 - Importance of Mentorship 10:38 - Personal Journey Insights 12:42 - Managing College Debt 13:51 - The 3 Rule Business Model 17:14 - Business Highs and Lows 19:24 - Meet Your Dog, Ace 22:24 - Future Plans for Ace Trading 25:18 - Final Thoughts and Reflections 27:10 - Outro APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [e-mail] GUEST: Nick Murphy https://www.instagram.com/murphdurfthegr8 LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

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I think the cryptocurrency industry. And that just makes more eyes on crypto, more interest in crypto. I mean, now there's a chance that, you know, the US Treasury ends up converting over to more of a digital system. We'll see. That'd be nuts. There has been rumors of them having a digital coin though, right? Yeah. I've heard that for years. I mean, Trump has said a lot of things about he wants, you know, the US to be the biggest crypto holder in the world.

Yeah. Let's see what happens. All right guys, Nick Murphy here from Ace Trading. It's the earliest he's been awake in a while, right? That's what we do. Come on. We got the Vegas time though, you know. Let's go.

Two hours behind. We've got the Ace of Spades too. Hey, you know what? You got while, right? That's what we do. Come on. We got the Vegas time, though, you know? Let's go. It's two hours behind. That's the stage, too. Hey, you know what? You got to rep. Starting the day off right. You've been busy these days, I'm sure. Very busy, man.

Very busy. Trading and with crypto at an all-time high, I'm sure business is booming. Business is booming. It's, you know, with our business, a little different. You know, we are on the execution side. So, you know, price being up just means more people are trading,

which is good. It's definitely busy. But during the bear market, you were still doing well? Still doing well, man. The difference was people were getting out of positions or getting on the sidelines and just waiting to see what happened. So it was just kind of chill. It was weird.

We kind of had the same effect back about two months ago when markets kind of pumped up and then stopped Everybody's waiting to see which way it broke. Right? Interesting times for sure man. Yeah, you think this time will stick around I couldn't tell you man with our business We are solely caring about volatility and trading the volatility. So if the markets are volatile, we're doing well Yeah, so the more volatile the better that. That's how we see it, man. I mean, at heart, we are what's called a market maker. So I've got the market maker mentality.

We execute our OTC trades, which is over-the-counter trades, so block trades, big size, minimum trade, 250k. But we are the best in the business when it comes to executing large trades, large size, with little to no market impact. So if you were to come to me with a thousand-bay coin and say, Nick, let's sell all thousand, or if you were to do it yourself, you would just sell it all at one time and you'd fuck up the market. The market would go down.

Your average execution price, if you will, would go down. If you came to me, we're very client objective based. So I would say, hey, what are you looking to do? What's your timeline look like? I've got 1,000 BTC. Then let's run an algo that slowly unwinds its position over three days, five days, seven days, 10 days.

And we would do that based upon your objectives. I like that. Has someone actually approached you with that many Bitcoins? We've had much bigger. Really? Yes. And 1,000? Yes.

Dude, 1,000 is like, I can't even do the equation on that. I mean, those trades take a little bit longer. I mean, if you really want to not affect the market, not push the price around, you've got to be very careful, even as far as the crypto whale alerts. You're familiar with those? Yeah, I've seen that.

If people just see you move 1,000 BTC on the blockchain, people are not like, oh, shit, what's going to happen? They freak out. Exactly. Yeah, I saw one the other day where the guy had like 2,000 exactly and what did everybody do they sold well? Yeah, everybody's like what's gonna happen like somebody moves just at 2,000 and our 3,000 with thousand Bitcoin Yeah, any of those it's gonna make alerts in the blockchain people like oh shit crazy I wonder how Michael sailor biases he buys huge tranches buying is different. That's dollars of crypto

You don't you can't track the dollars going into the market. Yeah, but I think he announces when he buys. I mean, I couldn't tell you, man. I don't know if that's the smartest move or not. I don't know the guys, so I can't tell you. I have not watched his trading patterns. Do you do every coin or just the top ones? So it depends.

What's niche about our business is, yes, mainly, and I'll say market color know, market color wise, we've really only been seeing BTC, ETH, Solana, and stablecoin trades as of late for the majority. But our trading strategies don't just, you know, they're not just effective in the majors. They're also very effective in illiquid markets. So for example, let's say you're a crypto PR firm or a crypto law firm, right? That over the past couple of years,

you've had clients that you brought on and they've paid you partially in crypto, partially in cash. The crypto being their crypto coin. On paper, as that crypto PR firm or crypto law firm, on paper you might have a $2 million position of shit coin XYZ right now if you look at the daily volume of trades it might be trading $45,000 so how are you gonna unwind that position you can't they can't your other desks out here which

are some of the greatest tests in the world that I've learned a lot from you know Cumberland Falcon X you know winter meet all these other desks that do amazing with it. These are the guys that have inspired me to do what I do, but they don't focus on that stuff, to my knowledge at least. But these are trades that we will take because if it's something trading $100,000 in daily volume and you need to unwind a $2 million position, if you were gonna do it,

now I don't know how you trade, maybe you would do it the right way, but you would be paying a shitload in execution fees on the exchange exchange you would have to sit there and just click. The score bad app here with trusted stats and real-time sports news. Yeah hey who should I take in the Boston game? Well statistically speaking. Nah no more statistically speaking I want hot takes I want knee-jerk reactions. That's not

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You want the most out of life and realize what you're looking for is already in you. This is for you. The Canadian Armed Forces, a message from the Government of Canada. Click, click, click for hours. And it just, the chances of it working the way it would with you doing it versus us doing it would be very different, you know. With us, you know, I could undermine that trade. It might take a month.

It might take even more than a month. But we can do it. And if we can't do it, there are times when we can't. I mean everything has to be approved by legal. The last thing that I want to do is get in trouble with the SEC. It's just not fun and they're clearly got an eye out for crypto. But no, I mean we can definitely do, you know, coins like that. I wouldn't say we do every coin because again, it has to be approved by our legal team and everything's above board. You know, I've got one of the people on our legal team that advises us is ex

US District attorney this southern district of New York like that's on our team So if we can touch it we can if we can't we can't yeah I think that's you see with new leadership is gonna change their stance on crypto. Hey, we'll see man. We'll see I think they will too. I think they will it's been held the last five years with new leadership is gonna change their stance on crypto. Hey, we'll see, man. We'll see. I think they will too. I think they will. It's been hell the last five years.

Oh man, they've gone after every US crypto company. Yeah. All the big ones. Yep, yep. All the exchanges. And thank God some of them are fighting back. Yeah. I mean, they don't have any other choice. I mean, that's the thing. Well, I mean, I don't think it's been the smartest thing

for the SEC to do. They're pushing everybody offshore. Yep. And Trump just announced he wants no capital gains tax on US cryptos, which is huge for you, right? I mean, it's huge for everybody. Everybody, because my clients are not just US, they're global. But it's huge for everybody, because what is it doing?

It's just further legitimizing the cryptocurrency industry. And that just makes more eyes on crypto, more interest in crypto. I mean, hell, there's a chance that, you know, the US Treasury ends up converting over to more of a digital system. We'll see. That'd be nuts.

There has been rumors of them having a digital coin, though, right? Yeah. Yeah. I've heard that for years. I mean, and well, and Trump has said a lot of things about he wants, you know, the US to be the biggest crypto holder in the world.

Yeah. Let's see what happens. I think that'd be good for everybody. That'd be major. When did you first get into crypto? Oh, man. About 2013, 2014. Yeah, very early. A lot of that, let's be very real, a lot of that's long gone. But full-time professionally doing crypto since about 2016, 2017. And was this the first crypto company you pursued? No, it wasn't. I launched a fund very early on right at

the peak of the first market push up and down. Learned a lot but ended up switching things up going to a couple other avenues venues different things and finally found you know the niche of what I do now and I've just built a big team around it and not a big team let me say let me take it back built a big team around it. And not a big team. Let me take that back. Not a big team, but a very, very good team. Dedicated, hungry people, smart, smart, brilliant people. I wanted to create the All-Star team for execution. I love that. And you're one of the top, if not the top,

in the world right now. I mean, I'll say, in terms of size-wise, no. We're actually very small in the grand scheme of things. But in terms of how we operate and the things that we do and the way we operate, I would say confidently we're one of the best in the world at what we do. I mean, numbers don't lie. I mean, that's the thing is, numbers don't lie. And like, how about this?

How about a client retention rate of 100%? Whoa. That's what I like. In crypto, that's unheard of. I mean, we're picky with who we work with, and I like to just become friends with my clients, get to know them, and better understand what they want. So you mix friendship and business.

You know, business becomes friendship if you do it the right way. Interesting. Yeah, that's a tricky thing to balance sometimes. It definitely is. It definitely is. But I think you're right. If you do the business first, it's easier.

Of course. I mean, for us, we always just want to keep the client's best interests at heart. Like, I'm not greedy. I'm probably the least greedy person in this entire industry. Wow. I've built the entire business off referrals.

And we don't market anything. So yeah, we'll get you on a referral agreement. Send me people, bub. I'm going to send you some people for sure. That's what we got. Got you. Do you have mentors showing you how to do this stuff? It just sounds complicated.

Mentors have been the world to me. I would not be where I'm at without good mentorship. Chicago is like the heart of a good trading. I mean, it's got the background with the futures industries. Everything that Chicago has done for the trading world, I have a list of mentors that without them I would not be here. And there's maybe top five that really stick out

that I talk to almost daily. Okay. Just get guidance, sometimes I'll just grab beers, shoot the shit, just talk about markets, talk about problems that I'm going through or difficulties that I'm dealing with in terms of running the company or the business or certain just market situations.

But the mentors have helped me learn so much. And so then I like to really give back and like pay that forward. So I try to like teach and my favorite part of my job honestly is like bringing new people on and like helping them grow and succeed. Yeah, yeah, they've saved me a ton of time, money, and stress, man. Oh, dude, without a doubt.

Man, my first lawsuit, I was tripping. Without a mentor? Same, same. Bumble knows it's hard to start conversations. Hey. No, too basic. Hi there. Still no. What about, hello handsome? Ugh, who knew you could give yourself the ick?

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Like as you get older problems that you thought were like huge at age 23 That's the time they were. Yeah, but as you get older, you know, you get smarter as the problems get harder Yeah, so yeah shit's still tough now But if you're gonna be real when you're mentoring somebody got you got to tell them, like, shit doesn't get easier. Yeah, 100%. They say money makes it easier, but I don't know. Yeah, I mean, it makes it more enjoyable. But no, but it does not make it easier.

I mean, it's all about just learning. It's like, I try to go into any scenario and learn. So I'm actually curious of how you got to where you're at. A lot of failure, honestly. I lost all my money twice. Been there. Had mental health issues. Yeah, I went through the whole entrepreneurial journey. honestly. Lost all my money twice. Had mental health issues.

Yeah, I went through the whole entrepreneurial journey. I mean, it's not easy. No, it's glorified these days, which I don't think is good on social media. I mean, that's why I really don't even have notifications for Instagram anymore. I'm just like, I don't want to see this shit. It's a distraction, and it's so glorified of the positives.

I've thought about just doing an Instagram page of real shit, like, oh, here's Tuesday. I'm kind of pissed off today. What have we got? I thought about it, too. Let's be honest, doesn't get the views as the materialistic posts. I mean, it's like, why the fuck should we be posting anyway?

Yeah, and the lifestyle posts. And that's how people get drawn into entrepreneurship, which is a terrible first impression. No, but I'm all for that. I'm always like, say, say some, I'm gonna use an example, somebody that I went to college with, you know, or high school with, starts a clothing brand, right?

That I can 99.9% guarantee is gonna fail. I will still be the first person to buy that shit because I'm proud of them for taking the leap of faith. You know what I mean? The leap of faith to get out of corporate, to do their own thing. Because even if you fail, which I failed, you failed, we've all failed,

you still took the fucking leap of faith. And that's like the hardest part at the start. Yeah, that's a big step. I remember my first business was in the clothing space. I thought it'd be a huge company. I mean, but that's the end. It could have been, but like, what were you doing before that?

I was doing, I was just a college student. I was broke. Then I started an apparel company. So you went straight into entrepreneurship. Yeah, I never had a job. That's crazy. I did corporate for a year, and I'm like, nope, I'm giving up on this.

I knew it wasn't for me. Yeah. It's working for someone else. No. I mean, it's just the freedom to do what you want. But also, OK, so you had the leap of faith, but you did it on your own. That was just very cool.

Well, I had a safety net, you know, my mom's upper middle class. So if it failed, I knew I could just live in her basement or whatever. So that definitely helped. And I tell you what, if everything went to shit today, I would rather go back and live in my parents' basement for two years if I had to.

That's where it started. To rebuild something. Yeah, I'd rather do that than, you know, not try it all. Yeah, exactly. Getting college debt and six figures. Which what are your thoughts on college debt? It's terrible. I mean, we just paid off my fiance's

and it was just like years of interest and yeah, it's terrible. It's crazy. I just don't know. Is it gonna stay? Is it gonna go away? Who the fuck knows? I know, I thought it was gonna go away that one time,

but someone vetoed it or something. I don't know, man. Did you go to college? I did, I did. I went to University of Missouri. Okay, was it worth it? I mean, was it worth it? Yes, I'm not gonna regret going.

I made a lot of good friends, but I had a lot of fun. Okay, that's where the partying started for you? Sure, we had a good time. But still, I definitely learned a lot about people and interacting with people. In terms of the coursework, there's been many times I've been like, yeah, I would much more appreciate some of those business classes now. Yeah. But even then, like, why

would I go back now? I mean, I graduated, I have a degree. What's your degree? Business marketing and finance. Okay. Yeah. So you're actually using that? I mean, I am but like, you know, realistically, did I actually learn the stuff there that I do here? I don't know, man. I'm sure the principles are there. Yeah. But I think for me, at least, hands on and being in the you know, in the grind doing this stuff is where you really learn it all. We got to talk about your mottos. No, the mottos man

three mottos I do I have three models of life that I highly encourage other people to put in. No, I have it. I had it on my phones over there. But I had it as the wallpaper of my phone and I still do. But I would send it to other people and I got to the point where I had to put my fucking signature on it because Everybody else was using it model one fuck them all I'll explain that because the second that you stop caring about what other people think is when your life really changes in my opinion We can come back to that Rule two model two is a question that you can ask yourself. And it applies to almost any situation. Rule two, does it make a difference? Because most of the time

it doesn't actually make a difference. Like, you know, you'd be like pissed off, you're stuck in traffic, you know, this, that doesn't actually make a difference. No, it really doesn't. You know, in a deal setting or this or that or whatever. Ask yourself the question doesn't make a difference. Probably doesn't't rule three is the toughest one of them all Don't overthink shit Very difficult. Yeah, I'm an over thinker But if you combine all three of these and take a deep breath every now and then not too bad Yeah, you know, I love all those. Yeah the overthinking man. I used to be the biggest over thinker

I still am I would lay in bed at night and think about shit I mean I was I was just telling you I was texting and I was texting my team this morning, two in the morning, like, what do you think of this? What do you think of this? Yeah, but I mean, it's taking a step back sometimes is not the worst thing. Yeah, you got to be in the present. Yeah, the first one though, that was a game changer. I grew up a massive people pleaser and I would put other people before me for like probably

20 years. And that's, how do you do now? I don't do it now. I mean, I'm still pretty giving, I think, but in the right setting. But now I really got to put me and my family first. You have to. I mean, it's, at the end of the day,

the only thing you can actually control is yourself. And that's hard to realize, hard to understand. And I'm still the same way too. I'm a people pleaser still. But I'm learning every day that I need to focus on me, too Yeah, yeah, that's from for me at least is from childhood trauma not fitting in you know like please everyone Yeah, no, I've also got childhood trauma as well man. That's it's tough I think everybody's got some sort of trauma in their life

Yeah, and it's just how you kind of fuel that energy into like something positive Yeah, well I noticed a lot of entrepreneurs have some deep trauma actually yeah That's like actually it's funny imagine that and this was not at all planned by the way, but it's pretty much that because I think that There should be some sort of I've been thinking about maybe doing a nonprofit or something Specifically geared towards like high level and high achieving people mental health Because I've found like I'm more likely to talk to you as another successful entrepreneur about difficult scenarios or like problems that I'm going through

because you've probably been through very similar ones right so it's like you know being able to like talk to that stuff not more like mentor to mentee but like just friend to friend like I don't know it's interesting yeah like AA but just entrepreneurial trauma yeah yeah exactly think of a fucking fun name for it but I mean we'll see yeah but I mean, we'll see. But I mean, it's just like, it's just, there's a lot of trauma. Dude, fucking half the days that we go through are traumatic.

Like, you know, there's days where we have great days, there's days we have shit days. And that's something you got to realize. It's not going to be up and up the whole time. No, I mean, nothing moves up in a straight line. Yeah. So now when I have bad days, I'm like, all right, that was needed.

Yeah. Things have been too good. I mean, the timing is always right on point where it should be. I mean, you don't realize it in the moment, but maybe a year from now you do. Yeah, absolutely. What's been some of the highs for you and some of the lows? Highs and lows in general or what? Yeah, more specific.

With your business stuff, I guess. With business, man, shit, the last year and a half two years Banking has been tough the United States. Yeah, it's been a really tough problem to do anything crypto banking you got shut down Oh, yeah, man. I mean, but like different accounts, you know the major banks. They just hate crypto And I think a lot of this is tainted by the bad actors in the game Like we were just talking about the kid who did the massive wrong yesterday I mean it was fucking crazy massive bad actors in the game. Like we were just talking about the kid who did the massive rug yesterday. I mean, it was fucking crazy.

For him it was massive. I mean, for him it was fucking massive. It was like, you know, like that's the kind of thing that makes crypto look bad. And then it's like, you know, you know, I think a lot of people screw up with their banking and have screwed people like you and I on our banking. I tell my banking people, I'm like,

this is exactly what I do. Here's how my business is gonna work. Here's how the flow of funds is gonna work. This is what I do. Boom. They're okay with it until they're not. Then all of a sudden, boom, accounts are shut. Yep. I got banned because someone that was in crypto just sent me money. Just somebody random. Like he got banned. So like, I guess everyone he sent money to got banned too. What do you do? I don't know. That's the problem though, is see bad actors in the space. Probably yeah. I mean but now you can breathe and they'll kill your account like it's ridiculous. It's

nuts dude. I mean there there's probably I don't know five six different crypto banks in the US that I think do a fantastic job but they want you to keep a million on reserve. It's like why the fuck are we not trading that? Like I should be trading that money not leaving it in the account. You're losing money daily leaving it there. I mean is you're losing is missing out on I mean with inflation and stuff You know, it's crazy But now we finally after months and months of like hard work and trying to find a good banking partner I think we finally found it We just partnered up with Metropolitan Capital in Chicago. Great bank

Everything's been working great so far. Nice. You got to keep a million in it though? Nope. Okay. Take that part out. Yeah. We're gonna ruin it for everyone. Yeah, exactly. Yeah, banking. I'm on my third one, man. So hopefully they figure that out with which one are you using? Got to keep a million in there. Keep that secret. I'll keep that secret. You gotta talk about your dog, man. Yeah, the dog. Wait, wait, wait. Which part? You painted your Labradoodle. So OK. So long story short, the name of the company Ace Trading

is actually because my dog, his name is Ace. He's about, actually today's his birthday. He turned five today. He turns five today. Yeah, so you got to go home, get him a cake and whatnot. But no, so whenever I made this company, created this company, I'm like, what the hell should I name this thing?

And somebody jokingly said, just name it after your dog. And I was like, fuck it, we'll just name it Ace. And afterwards I was like, actually, this is a great idea because it's a three letter word and it starts with A. So it's at the top of every list of every like directory a ace boom easy and I like the way like if you think about how like Two of my counterparties are talking like oh, who'd you execute that trade through like? Oh, I did it through ace It just sounds good clean. It's clean. So yeah, so he's trading my second dog my younger dog

So he's actually named after Dom Perignon. So he's Dom. So I have ace and Dom, ace of spades Dom Perignon. So one of my offshore entities is called Dom Cap. So I'm either gonna have to find more alcohol brands or I don't know, but definitely. So yes, to back to your point. Yeah, for Halloween a couple years ago, the groomer he was like, yeah, we should we should paint them like do some like dog die And this is before everybody was doing it. Yeah, cuz now it's pretty common. It's all over the internet

But no, he looked like a Bengal tiger for a fucking year. It lasted a year damn Yeah, cars would pull over on the side of the road. Holy crap. Yeah, we'll throw up the image on the on the pod Yeah, no, there's some good ones. There's a lot of good ones He looked straight up and people I like to fuck with people. It's like I'd be walking the dog and people like, oh, like, what kind of dog is that? Like is it and I like it got to the point where it got asked so frequently that I have like a full tale of the story.

Like, oh, yeah, it's a tiger doodle. Like, like, no way. I'm like, yeah, I think he's like the second or third one in Chicago. And like, you know, like, no way. I'm like, yeah, yeah, look him up on Google. Bop, look them up on Google blah blah blah yeah people loved it but I didn't because I didn't realize the walks would take ten times as long ah that's funny dude I love dogs though I got two dogs yeah what kind of you have Australian

Shepherd and golden Mountain Dog golden Mountain Dog no it's a golden retriever and Bernie's Mountain Dog okay so yeah I've got the golden doodle ace and then the Aussie doodle dumb Nice, so the energy of the Aussies man. Oh man. He's run bouncing off the walls all day. That's that's He's just turned six. Okay. Yeah. Yeah, so yeah, man. This is aces five today Dom is one Yeah, Dom is fucking nuts. I bet that young puppy energy dogs changed my life though. Same same I had terrible anxiety before. Same, bro.

It went away as soon as I got one. Yep. Isn't that crazy? And they like, they sense your energy. Like if I'm like in one of those moods and I just sit down on the couch or anybody, anybody that's at my house, they will both go to just lay by them.

Crazy. And just chill. Yeah, they're wonderful. But I agree man, though. Ace and Dom saved my life. Yeah, if you guys are dealing with anxiety, get a dog. Thousand percent. Game changer.

What's next for you, man? What are you working on? Just building, building, building. I mean, now the banking is, for what I can tell, knock on what's solved. We can actually scale the business. Nice. Oh, yeah.

The company just hit its year mark back in September. So very proud of all that we've achieved this far. Damn, only a year old? Yeah, this company, yeah. Damn. This company is a year old. Well, a little bit over. But I was doing similar stuff before.

I ended up just kind of spinning this company out of the last company I'd founded with just bigger goals. And I really want to push this thing. It's a very niche service, the way we do things, the way we trade and service our clients. Very high end, white glove service. It like service our clients, very like high-end white glove service. It's all objective based, like I said. So just continuing to grow and scale. I really want to break into the Asian markets. Those are very like, you know, they're not untouched,

but it's difficult. But there's a lot of flow over there. And then India markets too. Really? You know, there's been talks about India getting like more regulated with this. I would love to have India But even if also I mean if the United States goes and the government does anything like they've rumored to do with digital I'd love to help with that. It's gonna be major I wonder why Asia is tough to penetrate is there a language barrier thing? No, it's more of like From what I've noticed it's regulatory banking from what I've noticed it's regulatory, banking, and then just previous

relationships they have. So I have, you know, different entities set up globally, but Asia is just one. I'll be honest, I haven't had time to really dive into it. You know, the team is still small, and there's not enough hours on the day. So, you know, it's something that's on the list, but my goal is to keep expanding, growing, building, teaching the team the right attitude, the mental, the morals of the company, just doing the right thing, not fucking people over.

And that's another thing in this business, I feel like happens way too often, is people just, they're all for like one rip off somebody and then one and done. Like I don't want to just make a rip off somebody and adios By I want to have them as a client for life, right? I think that's why even moving company to company for my leaving my last firm to this I have a hundred percent climate retention rate. I've got the best clients ever like without them in my network

None of this would have been possible. I love it But but I want to get you know, you know if somebody new comes in as a client, I want to service them so well that they are always thinking about me, they're thinking about my business, they hear crypto, they think Nick Murphy, they think Ace Trading because I want them, I want their cousins, I want their brother, I want their friends, everybody as clients and to provide everybody the same level of just top-notch service. That's the way to do it man. Yeah because crypto space man there's a lot of scams. There's a crypto space, man, there's a lot of scams. There's a lot of scams.

There's a lot of like, you know, there's a lot of really good people, a lot of not scams. Let's be real. But there's a lot of bullshit, too. Yeah. And it's like, you know, a friend and another mentor of mine once told me, I won't, I won't get into business what he does. But but he once told me, you shouldn't worry about that. That's what I'm here for. I'm here to worry about that for you.

But he once told me, you shouldn't worry about that. That's what I'm here for. I'm here to worry about that for you. So it's like, if we're involved in anything crypto, execution-wise, it's like, don't worry about it. I don't want my people to worry about it. Let us deal with it and handle it for you. It's like, if you're sick, what do you do? Do you go to the doctor?

Or do you go to your buddy that went to med school for a semester? I go to the doctor. If you need legal help, what do you do? Do you go to an attorney? Or do you go to the doctor. If you get leave if you need legal help, what do you do? Do you go to an attorney? Or do you go to like a fraternity brother that maybe went to like half a semester and fucked off? Yeah, or chatty PT.

No, it's like so when it comes to trading, like if you do, if you want to execute large scale trades with little to no market impact, come to me, come to us, come days. It's a great service because people don't realize when you have that much and you sell, you don't get all of that in cash. Buy, sell, whatever it is. Crypto to crypto, fiat to crypto. If you don't do it the smart way, and execute it, we are 100% algorithmic,

we'll chip away at positions and not impact the market. That's the whole goal. That's the key. Because when you sell a big position, you can tank coin like easily 510% easily if not more. Yeah. Yeah. I've seen some wild slippage actually. I mean, that's especially with some of the defy coins now. Yeah. Yeah, we actually have been able to get a good friend that built out a defy execution platform like a defFi execution layer.

That's, I think he's gonna be releasing soon. But like I said, good friend of mine, we've been using it some here and there, but it actually allows us to trade high frequency in DeFi without incurring all those fees of gas. Sometimes we have positive slippage. What? Yeah.

How is that possible? That's more technical than I. But yeah, keep an eye out for that. There's a lot of things cooking. We'll link your site below and your Instagram. Anything else, my man? I really just want to appreciate you bringing us on. And yeah, man, just keep doing what you're doing.

I'm proud of you as an entrepreneur. Thank you. Great meeting you, man. You as well. Thanks for watching, guys. Peace. He was nice for me. Thank you. Yeah, man. Great meeting you, man. You as well. Yup. Thanks for watching, guys. Peace.