Uncovering the key differences between crypto derivatives markets in North America and Asia with FTX & Alameda Research CEO Sam Bankman-Fried

Episode 3 of Season 2 of The Scoop was recorded over Skype with Frank Chaparro and Sam Bankman-Fried, CEO of FTX and Alameda Research. Listen below, and subscribe to The Scoop on AppleSpotifyGoogle PlayStitcher, or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com.

Launched in May 2019, crypto exchange FTX has showcased the breakneck growth of the burgeoning market for digital asset derivatives. The Binance-backed firm is known for its diversity of products, offering trading of futures tied to dozens of cryptocurrencies. Recently, following the lead of firms like Bakkt, CME, and Derebit, FTX launched options, a derivative product that offers the option traders to purchase bitcoin at a certain price at a predetermined point in the future. Indeed, options have been a hot topic in crypto given recent activity. In this episode of The Scoop FTX CEO Sam Bankman-Fried and The Block's Frank Chaparro discuss:

 

  • How derivatives and options markets are developing differently in Asia versus the US, where regulated exchanges like CME Group dominate
  • FTX's unique approach to bitcoin options and other derivatives products 
  • Whether Asian-based exchanges are exposed to potential regulatory risks 
  • Why FTX will likely slow down its rolling out of new product
  • The risks of launching derivatives on low volume crypto assets

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