A conversation with Fakhul Miah, an important member of the ELA community and former vice president of Morgan Stanley - The difficult process and significance of Yilaiyun's launch on Coinbase
Fakhul Miah is the co-founder of the Yilaiyun community team Elation Studios, a member of the 2nd CR Committee, and the CEO of CreDA, an important ecosystem project on Yilai Cloud. (CreDA has just recently launched ESC, with over 1,000 users) Fakhul Miah has worked in Morgan Stanley's investment banking for over 15 years and was the VP of Morgan Stanley's European, Middle Eastern and African Clearing Derivatives Customer Service Group. During his tenure at Morgan Stanley in 2017, he promoted futures construction for crypto assets, including business processes, product architecture, risk modeling, and margin methods. Recently, Fakhul Miah had a conversation in the Yilaiyun community to review the process of launching Coinbase and its significance for the future development of Yilaiyun. 1. Elastos (ELA) recently launched on Coinbase. Can you briefly introduce the Coinbase platform? Coinbase is the largest digital asset trading platform in the US and the most reliable digital asset trading platform in the world. Furthermore, Coinbase is already listed on the Nasdaq Stock Exchange, the largest technology stock exchange, and Apple, Microsoft, and Google are also listed on this exchange. Meanwhile, Coinbase customers are protected by crypto and FDIC insurance. Coinbase provides services in more than 100 countries and regions around the world, has more than 100 million users, and has a trading volume of more than 300 billion US dollars in the last quarter. It is regularly ranked in the top 2 of CMC and CG exchanges. 2. What is the significance of Elastos (ELA) listing on Coinbase for Elastos? Does this mean ELA has successfully entered the mainstream market of the industry? Of course, ELA's listing on Coinbase is an important milestone for Elastos, as it marks ELA's access to the US and global markets. Furthermore, I believe that the launch of ELA on Coinbase is a sign of trust and recognition for the development of our project. 3. It is said that Coinbase has a very strict listing process. As the main sponsor of this listing, what work have you done to achieve this success? What challenges did this process present? What are the biggest gains and experiences you've accumulated? Yes, Coinbase's listing process is very strict. Although the details of the listing process need to be kept confidential, I can attest that listing on Coinbase is very difficult because they have a very thorough and strict review process, and their internal digital asset listing team assesses the asset's compliance, legal, and information security aspects, and requires a great deal of information. More details about the listing process can be found at the link below. https://blog.coinbase.com/listing-assets-on-coinbase-is-free-and-always-has-been-8b60cb873af4. 4. Will Elastos' next focus on the global market? Will more exchanges be launched? Is there a more compliant and mainstream strategic layout? Yes, Elastos is expanding the global market. I'm having in-depth discussions with more top exchanges about the ELA listing. Currently, due to the confidentiality agreement, I can't reveal more to everyone, but as soon as it is finalized, we will announce it to the community through media channels. 5. What are your comments on $ELA's performance after it went live on Coinbase? To be honest, going public during a bear market is never ideal; unfortunately, the timing of listing is not something we can control. However, after the official launch was announced, we did see ELA's strong performance, and the price increased by around 20% within a few days. Also, demand for ELA is strong on Coinbase. Within a few days of the launch of Coinbase, ELA's trading volume surpassed $1 million, which is more than 10 times more than all other exchanges combined! 6. CRC recently reached a cooperation with Kairon Labs, a well-known market maker in the industry, so are there any long-term plans for Elastos (ELA) market performance? Can you share your thoughts? By partnering with high-quality professional market makers that have adapted well to various unique market dynamics and digital assets, Elastos can provide individuals and organizations that want to participate in the Elastos ecosystem with more stability, sustainability, and mobility...
