All right, everyone, welcome back to the Crypto 101 podcast. We have another killer interview in store for all of you today because we're bringing in one of the largest trad-fi players to talk to us.

And man, we're excited to do it.

So we have Kathy Clay.

She is the global head of derivatives over at Cebo.

Kathy, welcome and it's good to have you.

Brendan, it's great to be here.

Thank you for having me on the show.

I hear the TradFi introduction.

I say, oh, no, your listeners might have a reaction to that, but it's still great to be here with you. Thank you.

No, you know, I think it's a good thing because what it's done is it shown just how far I think crypto has come.

You know, crypto really is becoming more than just defy. And I think now it's becoming a integrated part of what a lot of us

maybe crypto natives would just call traditional finance or the tradfai markets. And the two really are

merging. And there's so many different ways that this is happening. And one of the big ways is through

the derivatives market. And that's going to be a big focus of this podcast is talking about

what the future of crypto and especially on the derivative side, what that holds because a lot of

investors are excited about this, right? You know, kind of leading up until this point,

getting your hands on crypto derivatives wasn't always the easiest task. There was all sorts of

regulations and different kind of things that acted as roadblocks, but now we're seeing that,

hey, this could really be the next major step for cryptocurrency moving forward. So we're stoked to

do this. I want to talk about you and your background, but before we

even do that, let's just lay a foundation. You know, what is CBO and kind of the role that it plays

in not only the crypto markets, but the traditional markets as a whole? Great. So CBO is a global

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