Oct 8, 2019
TCR 33: Crashing the Crypto Party With Distributed
Clearing
HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP
CRYPTO HOT SEAT SEGMENT
- GUEST: Darshan Vaidya, CEO and Founder, X-Margin
- BACKGROUND?
- WHAT IS XMARGIN?
- CAN THE CRYPTO MARKET HANDLE CENTRAL CLEARING?
- WHY IS OPTIONS VOLUME ON DERIBIT STILL SO LIGHT?
- AND MORE..
BITCOIN BREAKDOWN SEGMENT
- BTC ALMOST EXACTLY UNCHD FROM LAST SHOW - BUT IT HAD A CRAZY WEEK
- Bitcoin Is 2019’s Best-Performing Asset, Even After Recent Price Downturn
BTC VOLATILITY
- 30 DAY REALIZED: UNCHD AROUND 54% FROM 56% LAST WEEK
BTC OPTIONS VOLUME ON DERIBIT
- LIGHT VOLUME WEEK
- ONLY ONE DAY ABOVE $30M THIS PAST WEEK
OPTIONS TRADES OVER THE PAST WEEK
- BUY 500 MAR 16,000 CALLS
- SELL 250 MARCH 12000 CALLS
BTC VOL TERM STRUCTURE
- SIMILAR TO LAST SHOW
BTC CALL/PUT RATIO
- CALLS BACK UP TO 57% FROM 47% THIS WEEK
BTC OPEN INTEREST
- OI UP FROM $352M TO $371M
CME BTC FUTURES
LIGHT VOLUME WEEK - MOST DAYS BELOW 2000 CONTRACTS
THE ALTCOIN UNIVERSE SEGMENT
- ETH: UP $3 THIS WEEK
- RIPPLE - GETTING A LITTLE BIT OF LOVE AGAIN THIS WEEK UP NEARLY $.02
- LTC - UP $2 FROM LAST WEEK
- BITCOIN CASH - UP $8 LAST WEEK
CRYPTO QUESTIONS SEGMENT
- QUESTION FROM ALLIANZ: Are the same firms making markets in regular options like SIG also making the markets on deribit and other crypto markets?
- QUESTION FROM CHARLES: Why do you think btc options volume remains lite despight big swings in the spot
- QUESTION FROM JLEE: Can we proclaim it now that Bakkt was the nail in the crypto coffin?