Experts say BTC and ETH derivatives will be instrumental in integrating crypto to TradFi and sending each to new all-time highs.
Bedroom crypto traders and analysts have frequently expressed concern at Bitcoin’s (BTC) inability to overcome is all-time high, but professionals from the Chicago Mercantile Exchange (CME), TradingView and TJM Institutional Services believe that the launch of a spot Bitcoin ETF will play a key role in sending BTC’s price to the highs traders dream of.
While speaking at Consensus on the role crypto derivatives will play in tomorrow’s market, TradingView general manager Pierce Crosby explained that derivatives have always been a integral part of the crypto traders’ experience, but trading at the centralized exchanges available from 2015 to 2022 meant many spot and margin traders had their “face ripped off” by high fees and slippage.
Crosby said,
