Skip to content
- Market Structure: The podcast discusses the evolution of the crypto market structure, highlighting the shift from firms handling all aspects of trading to a more specialized approach with exchanges, custodians, and credit providers working together.
- Institutional Adoption: There is a growing interest from institutional investors in crypto, driven by the development of market infrastructure and the introduction of new products like perpetual contracts (PERPS).
- Regulatory Alignment: Regulatory clarity is identified as a crucial factor for further institutional adoption, with the expectation that once regulations are in place, there will be a significant increase in spot and physical Bitcoin trading.
- Perpetual Contracts: PERPS are gaining popularity among institutional investors as a way to engage with the crypto market without owning the underlying asset, despite the risks associated with auto deleveraging and liquidations.
- Credit Complex: The rebuilding of the crypto credit complex is underway, with prime brokers entering the space, which is expected to facilitate significant market growth once banks begin participating.
- Global Regulatory Landscape: The podcast highlights the varying pace of regulatory development across different regions, with the UK potentially at risk of falling behind the US in establishing a competitive edge in the crypto market.
- Future Outlook: The speakers express optimism about the future of crypto markets, anticipating that 2026 will be a pivotal year for financial institutions actively trading in the space.
