FTX Wants to Compete With CME -- Here's Why It's a Big Deal - Ep.346
Chris Perkins, president of CoinFund, a web3 investment firm, discusses his experience at the Crypto Bahamas conference before diving into an FTX.US proposal that would allow for direct trading of crypto derivatives in the US – which appears to be rocking the boat of certain regulators in D.C. Show topics:
- Chris’s two biggest takeaways from his Crypto Bahamas experience
- how Chris’s experience at Lehman Brothers and Citi prepared him for crypto
- what issues arise via the plumbing of traditional financial markets
- why centralized intermediaries make derivatives trading efficient
- what FTX.US is proposing and how it could be a boon for retail traders
- how crypto settlement would work compared to the current batch trading method
- why the acquisition of LedgerX enabled FTX.US to make this proposal
- what license FTX.US feels like it no longer needs since it can settle derivative transactions on a blockchain
- whether FTX.US would expand to other derivatives and what that might do to an entity like CME
- what Chris is listening for in the CFTC’s public discussion surrounding FTX.US’s proposal
- whether FTX.US’s proposal will be a partisan issue
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021
Coinchange: https://coinchange.io
OnJuno: https://onjuno.com/
Galaxis: https://galaxis.xyz/
Episode Links
Chris Perkins
- LinkedIn:
- Twitter:
- CoinFund:
Coverage of the FTX.US Proposal
- Bloomberg: https://www.bloomberg.com/news/articles/2022-04-21/crypto-billionaire-rankles-wall-street-with-futures-trading-plan?sref=m9L277rN
- Forbes:
- The Block:
-
- https://www.theblockcrypto.com/linked/143792/as-it-weighs-ftx-proposal-cftc-announces-a-roundtable-on-disintermediation
- https://www.theblockcrypto.com/post/137304/cftc-opens-up-ftx-uss-derivatives-trading-model-to-public-comment
- https://www.theblockcrypto.com/linked/140026/ftx-derivatives-proposal-takes-center-stage-at-congressional-hearing-with-cftc-chairman
- CoinDesk
- Public comment:
- May roundtable:
- CME opposition to proposal:
Unchained Coverage of FTX.US and LedgerX
- 2021:
- 2019:
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