Exploring the Role of Exodus in Advancing Cryptocurrency Self-Custody Solutions
James Gernetzke, chief financial officer of Exodus, takes part in the Crypto Trailblazers series recorded at NYSE CUBE Studios. This episode explores the theme of self-custody within the cryptocurrency world and highlights the collaborative efforts among theCUBE, NYSE, and FINTECH.TV. In a conversation with host John Furrier, Gernetzke provides insights into Exodus's role in facilitating secure and user-friendly cryptocurrency transactions.
Throughout this discussion, Gernetzke shares expertise on the evolving landscape of digital asset wallets and self-custody solutions. They highlight Exodus's innovative products such as the Passkeys Wallet, which aims to simplify the user experience in managing digital assets. Additionally, the conversation addresses the broader financial ecosystem, multichain interoperability, and the increasing importance of stablecoins, as noted by theCUBE Research and video analysts.
Key insights from the discussion emphasize Exodus's commitment to enhancing the self-custody experience while reducing friction for users. Gernetzke also discusses the strategic importance of forming industry partnerships, noted by collaborations with notable entities such as MetaMask and Ledger. With substantial industry expertise, Exodus aims to continue optimizing its wallet solutions as vital infrastructure for both retail and institutional clients.
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James Gernetzke, Exodus
Exploring the Role of Exodus in Advancing Cryptocurrency Self-Custody Solutions
James Gernetzke, chief financial officer of Exodus, takes part in the Crypto Trailblazers series recorded at NYSE CUBE Studios. This episode explores the theme of self-custody within the cryptocurrency world and highlights the collaborative efforts among theCUBE, NYSE, and FINTECH.TV. In a conversation with host John Furrier, Gernetzke provides insights into Exodus's role in facilitating secure and user-friendly cryptocurrency transactions.
Throughout this discussion, Gernetzke shares expertise on the evolving landscape of digital asset wallets and self-custody solutions. They highlight Exodus's innovative products such as the Passkeys Wallet, which aims to simplify the user experience in managing digital assets. Additionally, the conversation addresses the broader financial ecosystem, multichain interoperability, and the increasing importance of stablecoins, as noted by theCUBE Research and video analysts.
Key insights from the discussion emphasize Exodus's commitment to enhancing the self-custody experience while reducing friction for users. Gernetzke also discusses the strategic importance of forming industry partnerships, noted by collaborations with notable entities such as MetaMask and Ledger. With substantial industry expertise, Exodus aims to continue optimizing its wallet solutions as vital infrastructure for both retail and institutional clients.
>> Welcome back. I'm John Furrier, host of theCUBE here at the NYSE CUBE Studios on the East Coast or the NYSE and theCUBE Wired program. This is the Crypto Trailblazers where we feature the leaders who are making it happen in the industry, building it out, managing it, investing in it, growing it. All the players are here. We have 250 trailblazers in the building for a special event, theCUBE, FINTECH.TV, and the NYSE working together. James Gernetzke's here, the CFO of Exodus, known for their custody and doing great. James, thanks for coming on theCUBE. It's almost time to go into the big event here at the NYSE CUBE Studios.
James Gernetzke
>> Yeah, it's good to be here. Thanks. Good to see you.>> You're an NYSE-listed company, so you're publicly traded-
James Gernetzke
>> We are.... >> so no forward-looking statements.
James Gernetzke
>> Exactly. We're not going to get... No MNPI from me.>> Yeah, always see those on all the announcements. I know you can't really reveal much on the... We're not going to go there, but I want to get into what you guys do because I think you guys have a compelling business. You have software around custody, self-custody, which I'm a huge proponent of. You own your keys, you own your secrets, and there's mechanisms there, and some are now learning that now, they're trustful, and they're viable, so it's kind of the rage in crypto.
James Gernetzke
>> Well, yeah, and especially as the crypto community and Exodus leading that, as we improve the UI and the user experience, et cetera, we are going to make self-custody so that you don't even necessarily know that its self-custody. You have all the protections of self-custody without any of the challenges.>> The future of finance, I've always said it comes down to converting the enthusiasm to confidence. So trust is a huge factor. Can you just share quickly the products you have and the key portfolio pieces?
James Gernetzke
>> Yeah, sure, of course. So we've been around for 10 years, so when you speak about trust, in crypto, that's a really long time, and that's an awful lot of trust that we've built up with the community. But in terms of the pieces, so primarily, we're a self-custody digital asset wallet. We have that on your Apple, Android. We have a desktop version. We also built a... We call it Passkeys Wallet, where we took a really interesting approach to passkeys. So if you go to SayEcho in X. We turned X into a payments platform for Elon Musk, so we did that for them already.>> Really?
James Gernetzke
>> Yeah. Yeah. You can go into SayEcho on X, and you can set up a wallet in a fraction of a second, and you can send crypto to anyone just with an X handle, so no crazy address.>> SayEcho?
James Gernetzke
>> SayEcho.>> So it's just Say-
James Gernetzke
>> S-A-Y-E-C-H-O.>> Awesome. All right. That's a great example of the onboarding. Take us through the consumption because I want to get the word out for people to try to make it simple for them to understand because a lot of people have this image that there's some sort of secret handshake. I got to write down hexadecimal codes. It seems harder than it really is now. It used to be hard in the old days, paper, have it centralized, but now, it's pretty easier. Demystify how easy it is to get in and to manage your crypto.
James Gernetzke
>> Oh, that's one of the three things that when the company was founded, one of the reasons that they built the products the way they did was precisely that reason. It was so hard in crypto. You had to be a programmer just to understand anything. It's like reading the Matrix, I say. It was like all the ones and zeros. So the team has done amazing work to get it to the point where it's the onboarding process. Like I said, on SayEcho, it's a fraction of a second. It's as fast as downloading it from the app store.>> So multichain has been a problem for most people to understand. Now, we're seeing innovations around multichain interoperability for transacting. You got stablecoins now hitting the scene. How does all that relate to what you guys do?
James Gernetzke
>> Oh, we are really looking forward to... The GENIUS Act was a monumental piece of legislation in my opinion, so there's a lot of things people don't understand and don't know about stablecoins. One of the biggest, in my opinion, is people don't know you need a wallet. To use a stable coin, you have to have a wallet. And obviously, we've been making wallets for a long time, and if you're talking about multichain, a lot of people also don't realize that Circle, their coin is called USDC, and USDC is on a number of different chains. So you have USDC on Ethereum and USDC on Solana and Algorand, et cetera. It's probably about 10 or 11 different chains, and that's the same thing is true with Tether, the actual, the largest stablecoin out there. But our product, we've built the best cross-chain exchange aggregator in the world and in my opinion, and it already allows you to take USDC on Solana and convert it to USDT on Ethereum. So when you have a Walmart coin, an Amazon coin, a J.P. Morgan coin, et cetera, and there's 100,000 different coins out there, we'll be able to support them all on all the networks>> And they're going to want to actually interact with other coins. So I could maybe take a coin and convert it to UDC?
James Gernetzke
>> Yeah, USDC.>> Can I take a J.P. Morgan coin and convert it over to that coin?
James Gernetzke
>> That's exactly what we're building. So you can do that now when those tokens launch. You can do that now, but we're going to make it even easier. We're going to make it so you don't even necessarily know that you've got a coin. You're just going to see $100. So for example, I'm cheap, so I shop at Walmart. You're not, so you probably shop->> I go to Target....
James Gernetzke
>> you go to Amazon. Yeah, Target. Sure, Target.>> And that's great.
James Gernetzke
>> Yeah, yeah. Target.>> Target.
James Gernetzke
>> Yeah, Target, right? Yeah. And so, when you go to Target, so I owe you 100 bucks and I'll send you Walmart coin because that's the coin I have with the Exodus products that we're building. You'll just see $100, and it'll automatically->> So there's a lot of under the covers transparency-
James Gernetzke
>> Exactly.... >> I see that or abstraction that knows this is trans. Don't even need to expose this to the user.
James Gernetzke
>> Yeah. It's just like if you->> It's a user experience benefit.
James Gernetzke
>> Yeah, I'm an old guy. I was in a certified treasury professional back in the day, and actually, when I was in the Army, I actually had access to a Fed terminal. So we would send wires directly from the treasury, but long story, but the point is that's really old.>> He's sending wires to himself.
James Gernetzke
>> No, no, no, no. I like living in the United States.>> But the ease of use-
James Gernetzke
>> Yeah, but... Sorry, where I was going was... Sorry, I totally lost->> The transaction volume must be high on stablecoins.
James Gernetzke
>> Oh, it is getting higher.>> You're sharing the numbers. There's some big numbers out there.
James Gernetzke
>> I mean->> I mean, order of magnitude scope because stablecoins is kind of like in the early stage of Bitcoin where people are trying to share more because if you do more with stablecoins, you'll have a wallet and see how easy it is. So there's kind of a community vibe going on now where, hey, just do more stablecoin transactions.
James Gernetzke
>> Well, I think that you'll see stablecoin take over. I mean, some of the people I talked to have said that some investors believe that it's going to take over the whole entire M2 money supply. All payments will be on stablecoins essentially in some way, shape, or form, anything that's a check or what not now. I mean, because if you think about a Visa, right, if you run a bar in the United States and you have a great night the Friday night of Labor Day weekend and you have $100,000 night, you're going to lose two to 5,000 just from the Visa networks off the top. And then, you won't get paid until Tuesday or Wednesday, probably because Monday was a holiday, so it's T+2. But with stablecoins, you're going to get the full 100,000, and you're going to be able to spend it immediately. So that's just going to make money go through the system that much faster.>> So where's the staking come in? Because if I have money, I could stake it.
James Gernetzke
>> Yes, absolutely.>> That's another benefit.
James Gernetzke
>> Yep, and you can do that in Exodus, of course. Yeah.>> So one of the things that's happened that's interesting is that I've seen kind of new productization come from entrepreneurs because I just covered some news yesterday around easyHotel and easyJet just did a Easy Bitcoin app. It simply isn't to pay in Bitcoin for the hotels. It's creating a app to buy Bitcoin for all their customers-
James Gernetzke
>> Sure.... >> because they have distribution. Why not be in the credit business?
James Gernetzke
>> Exactly.>> So that's their philosophy. So that's new. They never would've done that, ever. So these kinds of new business opportunities are going to come down the pike. So how do you see that as a CFO who sees all the plumbing and the business models? This is where visionary founders and leaders comes in. What's your view on this, and what's some of the things that you're seeing because that just drops right to the bottom line?
James Gernetzke
>> I mean, the world is completely different than it was a year ago, and the fact that the cloud that was hanging over crypto from a regulatory perspective that that's gone, you're seeing so much money coming into the space, investors. With the government, if they didn't like your company, you probably aren't going to invest. I can't even fathom the number of different things like you're talking about with that that are going to come along. I mean, it's endless possibilities. It's actually kind of a challenge.>> Well, that's a challenge, man. We've got to have the wallets because you guys are critical infrastructure for all sides of the transaction. So what are some of the goals? Take us through some of the status progress of commerce, wallets. What's the progress look like? Can you share where we are? Because I mean, you got to have stablecoins. You got to have a wallet to do that.
James Gernetzke
>> Right. Yeah, I think so. What you're seeing right now is you're seeing a lot of movement. Speaking of investment coming in, some old school players like Fiserv have made some purchases. Stripe is out there. They're making some purchases around stablecoin. And I think what they see is that the real easy use cases where there's a lot of rent or remittances because you just have 22, 26% just to send a wire or a MoneyGram or whatever it is to your family in Mexico, or remittances is one. And then, obviously, I mentioned the Visa, MasterCard merchants. So what we're seeing is there's going to be a great need for the actual user in the retail. So there's a lot of focus right now on remittances and merchants, but the next wave is going to be the wallets.>> All right. What are the big to-do items for you guys in the company 10 years, critical infrastructure for you, for the user. No one wants to lose their crypto.
James Gernetzke
>> No.>> So you guys have a big mission.
James Gernetzke
>> Yes.>> What are some of the things that you guys are working on, some of your goals, some of the things you're optimizing for?
James Gernetzke
>> So yeah, first and foremost with us is always going to be the experience. How do our products make people feel? And so, we're continuing to innovate in the main product with some technology leveraging passkeys, MPC technology, a bunch of those things. We're taking a lot of those really hard things, putting them in the wallet, make it and reduce the friction. So you can get to that point where you have a self-consolidated wallet, and you don't even know or care. That's going to be the ultimate goal. What we found with our business recently is we, over the past 10 years, have built so many different things for us and for only for our users, but also just internally for our systems and processes. One of the things is we built this exchange aggregator where you can swap one crypto for another, and over the past 10 years, we've seen so many challenges and that we've overcome them. We've noticed that others in the space like speaking of plumbing like Ledger and Magic Eden, and we had a deal with MetaMask as well to help provide that for their users.>> So when you think about Ethereum programmable money, that's going to be a nice lift for you guys because now, more transactions are coming in. As you look at the growth, I know you're a public company, so you don't want to give forward-looking statements, but you're on the NYSE. Everyone wants to go public on the NYSE because it's a globally recognized institution. So you've seen a lot of crypto activity here on the NYSE. You got to deliver the numbers.
James Gernetzke
>> Oh, yeah.>> So what's the growth strategy? What's the goals?
James Gernetzke
>> Yeah, it's a multi-pronged approach. So obviously, we've got the base business, which is continue to prove, make the best possible wallet there and then tell the world about it. The second component is that partnership strategy with basically taking the AWS type of thing, take the things we've built and selling it to other people in the industry. And then, the third one is we've been very public about the fact that we have a very large treasury, and now, we're public, so we can do things like acquire other companies and use stock as a currency.>> And what about the partnerships? I love that ecosystem play you mentioned. You're an application basically for the user, so people want to work with you guys, right?
James Gernetzke
>> Yeah, yeah. I mean, we've solved real problems in the industry, and it's wonderful that others like big names like MetaMask and Ledger and Magic Eden that they've recognized that.>> James, great to have you on theCUBE. You're definitely trailblazing going public. One of the few leaders going public-
James Gernetzke
>> Yeah, we went public under Gensler.>> That is a huge accomplishment. I mean, first of all, that is the definition of trailblazing into the headwind. Very successful, so you guys are looking good. Thanks for what you do. We need great wallets. Again, cryptocurrency is money and protecting it, and wallet is our bank account. So thanks for what you do. Appreciate it.
James Gernetzke
>> All right, appreciate it.>> All right. I'm John Furrier with theCUBE here. It's Crypto Trailblazers winding down an ongoing series here. We're going to keep it going the rest of the night, 200 leaders coming inside the exchange for a big event. Thanks for watching.
>> Welcome back. I'm John Furrier, host of theCUBE here at the NYSE CUBE Studios on the East Coast or the NYSE and theCUBE Wired program. This is the Crypto Trailblazers where we feature the leaders who are making it happen in the industry, building it out, managing it, investing in it, growing it. All the players are here. We have 250 trailblazers in the building for a special event, theCUBE, FINTECH.TV, and the NYSE working together. James Gernetzke's here, the CFO of Exodus, known for their custody and doing great. James, thanks for coming on theCUBE. It's almost time to go into the big event here at the NYSE CUBE Studios.
James Gernetzke
>> Yeah, it's good to be here. Thanks. Good to see you.>> You're an NYSE-listed company, so you're publicly traded-
James Gernetzke
>> We are.... >> so no forward-looking statements.
James Gernetzke
>> Exactly. We're not going to get... No MNPI from me.>> Yeah, always see those on all the announcements. I know you can't really reveal much on the... We're not going to go there, but I want to get into what you guys do because I think you guys have a compelling business. You have software around custody, self-custody, which I'm a huge proponent of. You own your keys, you own your secrets, and there's mechanisms there, and some are now learning that now, they're trustful, and they're viable, so it's kind of the rage in crypto.
James Gernetzke
>> Well, yeah, and especially as the crypto community and Exodus leading that, as we improve the UI and the user experience, et cetera, we are going to make self-custody so that you don't even necessarily know that its self-custody. You have all the protections of self-custody without any of the challenges.>> The future of finance, I've always said it comes down to converting the enthusiasm to confidence. So trust is a huge factor. Can you just share quickly the products you have and the key portfolio pieces?
James Gernetzke
>> Yeah, sure, of course. So we've been around for 10 years, so when you speak about trust, in crypto, that's a really long time, and that's an awful lot of trust that we've built up with the community. But in terms of the pieces, so primarily, we're a self-custody digital asset wallet. We have that on your Apple, Android. We have a desktop version. We also built a... We call it Passkeys Wallet, where we took a really interesting approach to passkeys. So if you go to SayEcho in X. We turned X into a payments platform for Elon Musk, so we did that for them already.>> Really?
James Gernetzke
>> Yeah. Yeah. You can go into SayEcho on X, and you can set up a wallet in a fraction of a second, and you can send crypto to anyone just with an X handle, so no crazy address.>> SayEcho?
James Gernetzke
>> SayEcho.>> So it's just Say-
James Gernetzke
>> S-A-Y-E-C-H-O.>> Awesome. All right. That's a great example of the onboarding. Take us through the consumption because I want to get the word out for people to try to make it simple for them to understand because a lot of people have this image that there's some sort of secret handshake. I got to write down hexadecimal codes. It seems harder than it really is now. It used to be hard in the old days, paper, have it centralized, but now, it's pretty easier. Demystify how easy it is to get in and to manage your crypto.
James Gernetzke
>> Oh, that's one of the three things that when the company was founded, one of the reasons that they built the products the way they did was precisely that reason. It was so hard in crypto. You had to be a programmer just to understand anything. It's like reading the Matrix, I say. It was like all the ones and zeros. So the team has done amazing work to get it to the point where it's the onboarding process. Like I said, on SayEcho, it's a fraction of a second. It's as fast as downloading it from the app store.>> So multichain has been a problem for most people to understand. Now, we're seeing innovations around multichain interoperability for transacting. You got stablecoins now hitting the scene. How does all that relate to what you guys do?
James Gernetzke
>> Oh, we are really looking forward to... The GENIUS Act was a monumental piece of legislation in my opinion, so there's a lot of things people don't understand and don't know about stablecoins. One of the biggest, in my opinion, is people don't know you need a wallet. To use a stable coin, you have to have a wallet. And obviously, we've been making wallets for a long time, and if you're talking about multichain, a lot of people also don't realize that Circle, their coin is called USDC, and USDC is on a number of different chains. So you have USDC on Ethereum and USDC on Solana and Algorand, et cetera. It's probably about 10 or 11 different chains, and that's the same thing is true with Tether, the actual, the largest stablecoin out there. But our product, we've built the best cross-chain exchange aggregator in the world and in my opinion, and it already allows you to take USDC on Solana and convert it to USDT on Ethereum. So when you have a Walmart coin, an Amazon coin, a J.P. Morgan coin, et cetera, and there's 100,000 different coins out there, we'll be able to support them all on all the networks>> And they're going to want to actually interact with other coins. So I could maybe take a coin and convert it to UDC?
James Gernetzke
>> Yeah, USDC.>> Can I take a J.P. Morgan coin and convert it over to that coin?
James Gernetzke
>> That's exactly what we're building. So you can do that now when those tokens launch. You can do that now, but we're going to make it even easier. We're going to make it so you don't even necessarily know that you've got a coin. You're just going to see $100. So for example, I'm cheap, so I shop at Walmart. You're not, so you probably shop->> I go to Target....
James Gernetzke
>> you go to Amazon. Yeah, Target. Sure, Target.>> And that's great.
James Gernetzke
>> Yeah, yeah. Target.>> Target.
James Gernetzke
>> Yeah, Target, right? Yeah. And so, when you go to Target, so I owe you 100 bucks and I'll send you Walmart coin because that's the coin I have with the Exodus products that we're building. You'll just see $100, and it'll automatically->> So there's a lot of under the covers transparency-
James Gernetzke
>> Exactly.... >> I see that or abstraction that knows this is trans. Don't even need to expose this to the user.
James Gernetzke
>> Yeah. It's just like if you->> It's a user experience benefit.
James Gernetzke
>> Yeah, I'm an old guy. I was in a certified treasury professional back in the day, and actually, when I was in the Army, I actually had access to a Fed terminal. So we would send wires directly from the treasury, but long story, but the point is that's really old.>> He's sending wires to himself.
James Gernetzke
>> No, no, no, no. I like living in the United States.>> But the ease of use-
James Gernetzke
>> Yeah, but... Sorry, where I was going was... Sorry, I totally lost->> The transaction volume must be high on stablecoins.
James Gernetzke
>> Oh, it is getting higher.>> You're sharing the numbers. There's some big numbers out there.
James Gernetzke
>> I mean->> I mean, order of magnitude scope because stablecoins is kind of like in the early stage of Bitcoin where people are trying to share more because if you do more with stablecoins, you'll have a wallet and see how easy it is. So there's kind of a community vibe going on now where, hey, just do more stablecoin transactions.
James Gernetzke
>> Well, I think that you'll see stablecoin take over. I mean, some of the people I talked to have said that some investors believe that it's going to take over the whole entire M2 money supply. All payments will be on stablecoins essentially in some way, shape, or form, anything that's a check or what not now. I mean, because if you think about a Visa, right, if you run a bar in the United States and you have a great night the Friday night of Labor Day weekend and you have $100,000 night, you're going to lose two to 5,000 just from the Visa networks off the top. And then, you won't get paid until Tuesday or Wednesday, probably because Monday was a holiday, so it's T+2. But with stablecoins, you're going to get the full 100,000, and you're going to be able to spend it immediately. So that's just going to make money go through the system that much faster.>> So where's the staking come in? Because if I have money, I could stake it.
James Gernetzke
>> Yes, absolutely.>> That's another benefit.
James Gernetzke
>> Yep, and you can do that in Exodus, of course. Yeah.>> So one of the things that's happened that's interesting is that I've seen kind of new productization come from entrepreneurs because I just covered some news yesterday around easyHotel and easyJet just did a Easy Bitcoin app. It simply isn't to pay in Bitcoin for the hotels. It's creating a app to buy Bitcoin for all their customers-
James Gernetzke
>> Sure.... >> because they have distribution. Why not be in the credit business?
James Gernetzke
>> Exactly.>> So that's their philosophy. So that's new. They never would've done that, ever. So these kinds of new business opportunities are going to come down the pike. So how do you see that as a CFO who sees all the plumbing and the business models? This is where visionary founders and leaders comes in. What's your view on this, and what's some of the things that you're seeing because that just drops right to the bottom line?
James Gernetzke
>> I mean, the world is completely different than it was a year ago, and the fact that the cloud that was hanging over crypto from a regulatory perspective that that's gone, you're seeing so much money coming into the space, investors. With the government, if they didn't like your company, you probably aren't going to invest. I can't even fathom the number of different things like you're talking about with that that are going to come along. I mean, it's endless possibilities. It's actually kind of a challenge.>> Well, that's a challenge, man. We've got to have the wallets because you guys are critical infrastructure for all sides of the transaction. So what are some of the goals? Take us through some of the status progress of commerce, wallets. What's the progress look like? Can you share where we are? Because I mean, you got to have stablecoins. You got to have a wallet to do that.
James Gernetzke
>> Right. Yeah, I think so. What you're seeing right now is you're seeing a lot of movement. Speaking of investment coming in, some old school players like Fiserv have made some purchases. Stripe is out there. They're making some purchases around stablecoin. And I think what they see is that the real easy use cases where there's a lot of rent or remittances because you just have 22, 26% just to send a wire or a MoneyGram or whatever it is to your family in Mexico, or remittances is one. And then, obviously, I mentioned the Visa, MasterCard merchants. So what we're seeing is there's going to be a great need for the actual user in the retail. So there's a lot of focus right now on remittances and merchants, but the next wave is going to be the wallets.>> All right. What are the big to-do items for you guys in the company 10 years, critical infrastructure for you, for the user. No one wants to lose their crypto.
James Gernetzke
>> No.>> So you guys have a big mission.
James Gernetzke
>> Yes.>> What are some of the things that you guys are working on, some of your goals, some of the things you're optimizing for?
James Gernetzke
>> So yeah, first and foremost with us is always going to be the experience. How do our products make people feel? And so, we're continuing to innovate in the main product with some technology leveraging passkeys, MPC technology, a bunch of those things. We're taking a lot of those really hard things, putting them in the wallet, make it and reduce the friction. So you can get to that point where you have a self-consolidated wallet, and you don't even know or care. That's going to be the ultimate goal. What we found with our business recently is we, over the past 10 years, have built so many different things for us and for only for our users, but also just internally for our systems and processes. One of the things is we built this exchange aggregator where you can swap one crypto for another, and over the past 10 years, we've seen so many challenges and that we've overcome them. We've noticed that others in the space like speaking of plumbing like Ledger and Magic Eden, and we had a deal with MetaMask as well to help provide that for their users.>> So when you think about Ethereum programmable money, that's going to be a nice lift for you guys because now, more transactions are coming in. As you look at the growth, I know you're a public company, so you don't want to give forward-looking statements, but you're on the NYSE. Everyone wants to go public on the NYSE because it's a globally recognized institution. So you've seen a lot of crypto activity here on the NYSE. You got to deliver the numbers.
James Gernetzke
>> Oh, yeah.>> So what's the growth strategy? What's the goals?
James Gernetzke
>> Yeah, it's a multi-pronged approach. So obviously, we've got the base business, which is continue to prove, make the best possible wallet there and then tell the world about it. The second component is that partnership strategy with basically taking the AWS type of thing, take the things we've built and selling it to other people in the industry. And then, the third one is we've been very public about the fact that we have a very large treasury, and now, we're public, so we can do things like acquire other companies and use stock as a currency.>> And what about the partnerships? I love that ecosystem play you mentioned. You're an application basically for the user, so people want to work with you guys, right?
James Gernetzke
>> Yeah, yeah. I mean, we've solved real problems in the industry, and it's wonderful that others like big names like MetaMask and Ledger and Magic Eden that they've recognized that.>> James, great to have you on theCUBE. You're definitely trailblazing going public. One of the few leaders going public-
James Gernetzke
>> Yeah, we went public under Gensler.>> That is a huge accomplishment. I mean, first of all, that is the definition of trailblazing into the headwind. Very successful, so you guys are looking good. Thanks for what you do. We need great wallets. Again, cryptocurrency is money and protecting it, and wallet is our bank account. So thanks for what you do. Appreciate it.
James Gernetzke
>> All right, appreciate it.>> All right. I'm John Furrier with theCUBE here. It's Crypto Trailblazers winding down an ongoing series here. We're going to keep it going the rest of the night, 200 leaders coming inside the exchange for a big event. Thanks for watching.
