Read on Twitter
Last week, I sat down with @mercerdavid , @SBF_Alameda and @michaelmoro to talk about trading and liquidity in spot markets.
Here are five takeaways from the conversation
https://blockworksgroup.io/dasweb-1203-spot-trading-liquidity-in-crypto-markets?SQF_SOURCE=webinararchive
Here are five takeaways from the conversation
https://blockworksgroup.io/dasweb-1203-spot-trading-liquidity-in-crypto-markets?SQF_SOURCE=webinararchive
1. It isn't an institutional rally until the banks get involved.
Sure it's great that Druck and Paul Tudor Jones have thrown their hats in the ring.
But until the banks provide blue-chip, regulated venues for custody and market access, the real money won't flow in.
Sure it's great that Druck and Paul Tudor Jones have thrown their hats in the ring.
But until the banks provide blue-chip, regulated venues for custody and market access, the real money won't flow in.
2. Availability of credit is still scarce in crypto markets.
One unfortunate side effect of the banks dragging their feet is lack of access to credit.
This has contributed to higher interest rates, more inefficient markets, and less institutional involvement.
One unfortunate side effect of the banks dragging their feet is lack of access to credit.
This has contributed to higher interest rates, more inefficient markets, and less institutional involvement.
3. The 20% interest rates you see in crypto? They're still too low.
This one you need to hear from @mercerdavid himself ;) https://blockworksgroup.io/dasweb-1203-spot-trading-liquidity-in-crypto-markets?SQF_SOURCE=webinararchive
This one you need to hear from @mercerdavid himself ;) https://blockworksgroup.io/dasweb-1203-spot-trading-liquidity-in-crypto-markets?SQF_SOURCE=webinararchive
4. Expect more engagement from regulatory bodies
The CFTC's enforcement against BitMex was the first, but it won't be the last.
The most important takeaway here for exchanges?
Obey AML guidelines!!
The CFTC's enforcement against BitMex was the first, but it won't be the last.
The most important takeaway here for exchanges?
Obey AML guidelines!!
5. Spot volumes will eclipse gold in three years.
Bloomberg agrees with us. https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin?sref=22tIkpoj
Bloomberg agrees with us. https://www.bloomberg.com/news/articles/2020-12-09/jpmorgan-says-gold-will-suffer-for-years-because-of-bitcoin?sref=22tIkpoj
