TradFi executives: Cryptocurrency derivatives will play a key role in the future of Bitcoin

2024-06-01 08:39:05

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ChainCatcher news, TradFi executives stated that BTC and ETH derivatives will play a key role in the integration of cryptocurrencies into traditional finance (TradFi) and in driving them to reach historical highs. TradingView General Manager Pierce Crosby pointed out that derivatives have always been an important part of cryptocurrency trading, but high fees and slippage have adversely affected traders.

CME Group's Global Head of Cryptocurrency Products Giovanni Vicisoso believes that a spot Bitcoin ETF will attract investors who are reluctant to use centralized exchanges and will aid in Bitcoin price discovery. TJM Institutional Services Managing Director Jim Iuorio stated that the Federal Reserve may have to lower interest rates and implement easing policies, which would be beneficial for stocks and Bitcoin.

Crosby also mentioned that large institutional investors are changing the narrative that cryptocurrencies are merely an extension of tech stocks; although the market can sometimes be affected by internal black swan events, the crypto market will ultimately recover.

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