Why crypto’s future may look more like traditional markets

Those markets function because trading activity sits atop a vast network of credit relationships, clearing brokers and prime brokerage arrangements, Mercer says. “That’s what the world’s economies and capital markets are built on,” he added. When LMAX launched institutional crypto venue LMAX Digital in 2018, Mercer expected similar infrastructure would quickly emerge in digital assets. […]

Deribit: Wall Street Has Changed Bitcoin Volatility And Liquidity

TL;DR Deribit Insights says Wall Street participation has changed Bitcoin’s market structure. The episode points to lower volatility, compressed basis trades and stronger institutional market-making. Options gamma is becoming large enough to matter for short-term spot market behavior. Bitcoin’s Market Structure Looks Different After ETFs A new Deribit Insights episode argues that Wall Street’s arrival […]

Translate »