Crypto Derivatives Market Poised for Growth, Says Genesis Trading
Genesis Trading’s Q2 2023 report indicates that the crypto derivatives market is set to experience significant growth due to challenges in spot market liquidity and a shift towards derivative instruments. The report highlights key developments in the space, including the success of options exchange Deribit and Coinbase’s release of institutional-sized futures. It also notes the increase in options volumes at the Chicago Mercantile Exchange (CME) and suggests that options are becoming the preferred instrument for institutional players. Genesis believes that the crypto options market could potentially expand tenfold from its current levels. Additionally, the report mentions the entry of established financial entities into the cryptocurrency space, signaling broader adoption and legitimacy. The firm sees great potential for increased institutional participation in the crypto market, with potential positive implications for growth and maturation.
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