Comment by _eb13

Yes, we actually weren't aware of motif until we onboarded a few users were who die hard Motif users. I think the value prop is quite similar but there are some important differences. For example, my understanding is the fees on Motif were somewhat high. Zero-commission was likely a disruptive force for them. Also, the number of sophisticated retail investors was much smaller when they started. The number of intermediate to advanced retail market is growing rapidly now that the onramps are much better.