TCR 33: Crashing the Crypto Party With Distributed Clearing

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?