Kenneth Worthington

“I know you don't break it out, but maybe you can help us directionally on what happened to liquidity services revenue in 2Q relative to 1Q. Did it shrink? Did it grow?”

“Maybe first on expenses, you're lowering guidance on adjusted operating expenses. You're doing this in the context of higher stock-based comp and depreciation. And you're also doing this in the context of a pretty robust volume environment.”

“Can you talk about distribution and transaction costs associated with USDC on Circle platform?”

“Jeff, you've been particularly enthusiastic about the private credit opportunity and the recent announcement with Apollo and private credit, And I believe the focus has really been on data.”

“Chris, you spent a lot of time thinking about digital cash. A couple of questions on this. What portion of your existing clients today do you think care about and will utilize digital money market funds versus traditional cash product structures over time?”