@consensus_hk was a perfect opportunity to kick off 2025 and a busy conference for Presto, as we actively took part in multiple aspects.
1. Our co-founder Yongjin Kim spoke at Consensus HK Open Money Summit presented by @circle.
Yongjin noted the seismic shift since institutional flow entered via ETFs, with ~$40B USD in net inflows into $BTC ETFs reshaping market dynamics. The early February meltdown underscored this: Bitcoin dipped 9-10%, while altcoins crashed 30%+, revealing a growing divide—$BTC increasingly driven by institutions, and altcoins still fueled by retail and leveraged activity. It’s a clear sign of how far the market has matured.
Yongjin also shed light on regional nuances, contrasting Asia and the US. He pointed to a stark difference in altcoin-to-major coin volume ratios between US and Asian trading hours, alongside the market’s laser focus on US macro data and policy signals. This US-centric weighting reflects its outsized influence on global crypto trends.
2. We co-hosted Crypto Open-House with @circle & @osldotcom.
Held on Day 1 of Consensus HK, Crypto Open-House generated immense interest, with over 1,000 registrants and more than 500 attendees. It was an incredible opportunity to reconnect with our clients and partners while also forging new relationships. The collaboration with @circle and @osl was particularly meaningful, as it allowed us to share institutional perspectives from different vantage points and introduce each other’s diverse networks.
A highlight of the event was the speaking session featuring Presto’s Head of Institutional Solutions, Michael Song @mike_prestolabs, alongside @circle's Ben Morris @benhmorris (Global Head of Exchanges) and @osldotcom's Eugene Cheung @ecgold888 (Chief Investment and Business Officer). During the session, Michael provided a brief introduction to Presto, shared our vision, and discussed the strategic importance of Hong Kong for Presto.
Much appreciation to everyone we met and our incredible partners—we truly appreciate your time and insights. We eagerly look forward to the next opportunity to connect again soon!