Conversations at Meridian This week we had the one and only @ntrlsk drop by the Meridian office to chat with @bqbrady They discuss the market structure for perps and options in crypto, the factors that led to the 2024/25 bull market, and the future of prediction markets

Spotify Wrapped but for TreeCapitalBot

Proposal submitted: USDH powered by Paxos USDH issued by Paxos would mean: ❏ Global issuance that is GENIUS compliant ❏ Revenue sharing that fuels HYPE, protocols and validators ❏ Regulatory clarity + global scale to match @HyperliquidX's explosive growth Hyperliquid.

reasonable take from @ntrlsk

@CMEGroup The new exchange model of self clearing and Perpetual Derivatives go hand in hand to update our financial markets and make them more fair and safe for all investors. I am happy to comment on this with @rajivpoc and hope the @CFTC continues to push forward with innovation on this.

3) robust clearing - with the exchanges acting as its own DCOs (Something @CMEGroup recently moved to do), they are able to manage risk without relying on more intermediaries, which can dramatically slow down responsiveness in fast markets.

2) More transparency of positioning and risk, due to real time open interest, funding and liquidation metrics

1) Centralized liquidity of a single contract rather than monthly or quarterly futures that investors have to manage and roll

Meanwhile overseas growth of perpetual derivatives, primarily in digital assets, have opened up the benefits of swaps to retail. The benefits were:

This allowed major financial institutions to continue to utilize swaps while largely pushing retail investors towards the dated futures market.

Post 2008 GFC, the US government passed Dodd-Frank which gave the CFTC authority over swaps, requiring them to be traded through registered exchanges (DCMs) and cleared through registered clearing houses (DCOs) and mandated registration for swap dealers and major participants

Excited to provide some insight here on Perpetual Derivatives which have seen explosive growth over the past decade in digital asset markets while being inaccessible to US retail investors.

We are still in the very early stages of blockchain adoption for real value transfer across all domains, it's still a sandbox. Excited to be supporting a team who has deep technical expertise and is willing to raise the stakes on what it takes to be the next frontier L1.

🎙️Tune in for an in-depth discussion on the current state of the crypto options and derivatives market, featuring our own crypto options trader @cumberland_nt @ntrlsk. Thanks for having us, @thebellcurvepod.

did some otc trades with @galaxyhq and @CumberlandSays, v good service meow, and professional back wen cat otc'd with ftx, bought 400k usd of some shitcoin and they forgot to take cats monee reminded them, still didnt after "have taken the funds" (gave it to them later ofc)

Cumberland and @xbtogroup are proud to trade the first block of CME ETH/BTC future. The ETH/BTC cross has been the topic of many conversations between market participants for years. It defines how the market thinks about alts vs Bitcoin and DeFi vs. store of value. This contract

The latest episode of #TBP just dropped! 🔥 Join us as we dive into CME crypto derivatives with special guests Neil Patel and Nick Trileski from @DRWTrading. 👇 https://t.co/HQxDUZLKyh

another delusion thinking that simple AMM's represent an option. Just because the payoff diagram of an option looks similar to an AMM, does not make the underlying v2/v3 amm position a long call/put. The payoff is driven by fees which are non-deterministic especially with MEV.

Genesis’ bankruptcy filing today reflects misleading and incorrect information, and as part of our commitment to transparency, we are providing more details.

https://t.co/uqDAvegQDA