Brokerage shop exec: World's largest hedge funds only just starting with crypto

Episode 17 of Season 6 of The Scoop was recorded with The Block's Frank Chaparro and FalconX Global Head of Revenue and Business Austin Reid. 

Listen below, and subscribe to The Scoop on YouTube, Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to podcast@theblock.co

Austin Reid is the global head of revenue and business at FalconX.

In this episode of The Scoop, Reid discusses why we are still at the 'early stages' of institutional adoption of crypto, and the role retail traders have played in the market's current rally.

OUTLINE
00:00 Introduction
04:12 Market Overview
08:06 FalconX Volume
12:03 Crypto Derivatives
15:55 Interest Rates
19:19 Institutional Adoption
22:10 ETF Flows
26:49 Retail Flows
32:51 Market Maturation
35:06 Exchange Improvements
39:25 Closing Thoughts