Stefan Kimmel, CEO of M2, on the Ethereum ETF, Institutional Crypto Adoption, and How Crypto Exchanges Can Offer 10% Yields | Ep. 342
Cryptonews Podcast’s Matt Zahab sat down for an exclusive interview with Stefan Kimmel, the CEO of the global crypto investment platform M2.
He discussed the Earn product, the ways M2 creates yield, and how TradFi is crypto’s biggest promoter.
Kimmel also talked about the major differences between the UAE and the US and why crypto companies avoid the latter.
Lastly, he touched upon the trends shaping the industry’s future.
M2 is a regulated exchange and investment platform, with a home base in Abu Dhabi.
The company has licenses from the Abu Dhabi Global Market (ADGM) and several international regulators.
And this is the key part of M2’s position, said its CEO. “Whatever we do, we want to get fully regulated, registered, transparent, safe, as the foundation of everything.”
GM & welcome to June!
What do you think the new month will bring for #crypto?
— M2 (@M2Exchange) June 1, 2024
On top of that, the team has built several product lines.
One is the pure trading side of things, with a few more products about to launch soon, and the second is the investment products.
This also encompasses earning yield on a passive income.
This is the “sweet spot,” Kimmel said – the combination of these products and being fully regulated.
Due to the industry’s rotten apples over the past few years, there is a lot of skepticism in regards to M2’s Earn product.
Critics argue that it can’t be legit or sustainable.
Yet, Kimmel said that “for the last seven months, we did a good job.” The product is regulated, supervised, and externally audited.
On Bitcoin specifically, he said, there are three avenues the team has used to create the yield:
Moreover, the team has worked on loans and new trading tools. It also has crypto payment cards and is improving its fiat
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