Brokerage shop exec: World's largest hedge funds only just starting with crypto
Quick Take FalconX’s global head of revenue and business, Austin Reid, discusses the current state of institutional adoption of crypto.
Episode 17 of Season 6 of The Scoop was recorded with The Block's Frank Chaparro and FalconX Global Head of Revenue and Business Austin Reid.
Listen below, and subscribe to The Scoop on YouTube , Apple , Spotify , Google Podcasts , Stitcher , or wherever you listen to podcasts. Please send feedback and revision requests to [email protected]
Austin Reid is the global head of revenue and business at FalconX.
In this episode of The Scoop, Reid discusses why we are still at the 'early stages' of institutional adoption of crypto, and the role retail traders have played in the market's current rally.
OUTLINE
00:00 Introduction
04:12 Market Overview
08:06 FalconX Volume
12:03 Crypto Derivatives
15:55 Interest Rates
19:19 Institutional Adoption
22:10 ETF Flows
26:49 Retail Flows
32:51 Market Maturation
35:06 Exchange Improvements
39:25 Closing Thoughts
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UK faces economic stagnation in Q3 as dominant services sector falters
Share link:In this post: According to reports, the UK economy nearly ground to a halt in Q3 as the services sector slowed down. The 0.1% economic growth in Q3 was below the 0.2% growth projected by economists and the previously recorded 0.5% growth in Q2. The data comes less than a month after chancellor Rachel Reeves increased borrowing and taxes in the budget.
CME Bitcoin Friday Futures experience notable increase in institutional demand
CME’s Bitcoin Friday Futures weekly contracts have seen a significant uptick in institutional interest, reflecting growing demand for exposure to the digital asset market.Since their launch in late September, over 380,000 CME Bitcoin Friday Futures contracts have traded, reaching a daily average volume of 12,400 contracts.
Ethereum ETFs record highest weekly trading volume since launch
This past week, Ethereum ETFs recorded over $1.63 billion of trading volume, up over 44% from the previous week.The following is an excerpt from The Block’s Data and Insights newsletter.
Norwegian government proposes requiring disclosure of crypto asset ownership