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 X-MARGIN?
  • 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?

 

 

 

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