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um weamp;#39;ve been operating for a number of years with billions of dollars of open interest weamp;#39;ve never had customer losses um clawbacks we store collateral from our users in a way which is not always done in the traditional Financial ecosystem if you look at what precipitated some of the 2008 financial crisis you saw a number of bilateral bespoke non-reported uh transactions happening such that no one knew how much risk was in that system until it all fell apart if you compare that to what happens on FTX or other major cryptocurrency venues today thereamp;#39;s complete transparency about the full open interest thereamp;#39;s complete transparency about the positions that are held there is a robust robust consistent risk framework applied and weamp;#39;re excited to work with the cftc on our U.S license and regulated venue um to bring a lot of this uh to us customers foreign