Home Markets FTX US Chief Brett Harrison Says New Trading Features Are Critical for...

FTX US Chief Brett Harrison Says New Trading Features Are Critical for the Advancement of Crypto Markets

16

FTX.US president Brett Harrison says the expansion of trading products will be crucial for the development of crypto asset markets.

In a lengthy Twitter thread, FTX.US chief Brett Harrison says US crypto markets lack specific features that allow investors to diversify their risk and hedge their portfolios.

“If one of the main purposes of a financial market is to allow for the expression and transfer of risk, the presence of derivatives is critical.

Crypto markets in the US will not reach the level of advancement, maturity, or safety seen in equity or bond markets without derivatives…

Among [the] features of an advanced market that the US crypto markets currently lack are:

The ability to easily hedge, insure one’s positions, speculate on volatility in addition to price, capture interest through basis trading, achieve capital efficiency through margin and achieve positions simply without requiring possession of underlying assets.”

FTX…

Click here for full article…dailyhodl.com