The Ledger
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Navin: Local banks charge 4% to 5% for EUR/USD hedges
“I mean, if you would try to do that, for example, versus, I mean, with his local bank, you would pay, probably end up paying by four or five percent for the specific million dollars of euro dollar hedge.”
Navin: Grain will scale hedging volume to $15B by 2025
“No, I'm saying exponential, then in twenty-twenty-four, yeah, we will have probably between five to seven billion dollars of hedging, and then it's going in, in exponential way. So 24, 25, probably we're going to be like 15,000.”
Navin: GrainFinance is pre-revenue, will generate revenue by January
“Yes, pre-revenue. But let's say September, January, we'll start generating revenues.”