Dan Matuszewski, Principal and Co-Founder of CMS Holdings joins the pod this week to discuss a range of topics. Dan was previously the Head of Circle Trade, one of the largest OTC desks in the cryptoasset industry. In this episode we discuss:  - The secretive origins of Circle - Why banking was a big hindrance for early crypto companies - The genesis of Circle Trade and their relationship with Poloniex - Whether there is a market for 'virgin' coins - The nature of Tether and how it is used - The emergence of crypto volatility products