According to ChainCatcher, TradFi executives said that BTC and ETH derivatives will play a key role in integrating cryptocurrencies into traditional finance (TradFi) and driving them to record highs. Pierce Crosby, general manager of TradingView, pointed out that derivatives have always been an important part of cryptocurrency trading, but high fees and slippage have had an adverse impact on traders.
Giovanni Vicisoso, head of global cryptocurrency products at CME Group, believes that a spot Bitcoin ETF will attract investors who are reluctant to use centralized exchanges and help Bitcoin price discovery. Jim Iuorio, managing director of TJM Institutional Services, said the Federal Reserve may have to cut interest rates and ease policy, which is good for stocks and Bitcoin.
Crosby also mentioned that large institutional investors are changing the narrative that cryptocurrencies are just an adjunct to tech stocks, and that although the market is sometimes affected by internal black swan events, the crypto market will eventually recover.
