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 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?