BTC-ECHO: Has inflation already reached you or do you ignore the higher prices when shopping or filling up?
Ulli Spankowski: No, I don’t think you can ignore it and it’s ubiquitous. You can see it in everyday life, consumer prices have risen sharply. And I think that’s going to pick up a notch if you look at the increase in producer prices in July by more than 37 percent compared to the previous year.
BTC-ECHO: The crypto winter has led to a sharp drop in prices and trading volumes. How much did your crypto purchases collapse?
Spankowski: Of course, like any other stock exchange, we are also noticing that trading volumes have fallen significantly compared to the exceptional year 2021. But we have not yet drifted into the ice age, so it’s not that bad again. In addition, we continue to see a great deal of interest from new customers. Structurally, we are growing despite the difficult phase.
BTC-ECHO: Where do you see central exchanges clearly at an advantage over decentralized ones?
Spankowski: You might assume that I’m going to bring up technology or liquidity first, but the most important things here really are regulation and security. Central stock exchanges are more crisis-tested and have already survived a number of crashes, which in the end have only made them better and safer. Especially since institutional investors think completely differently than retail investors. This is very much about liability issues and security mechanisms. A decentralized exchange is still too wild west for institutional investors.
You can read the full interview with Ulli Spankowski from the Bison app in the current issue of the BTC-ECHO magazine.
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