{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Scoop","title":"Wall Street vet explains the Bitcoin trading improvements regulators are ignoring","html":"","width":"100%","height":180,"duration":2826,"description":"Dave Weisberger is a Wall Street vet who saw market structure develop and go electronic. On this episode of The Scoop, the co-founder and CEO of CoinRoutes joined host Frank Chaparro for a walk-through on how far trading in crypto has evolved and why regulators are ignoring these improvements.\nHe remarked:\n“Firms that are domiciled and regulated out of the United States are at such a massive disadvantage in the growing digital asset world to the point where, as a startup, we had to make a choice to become software only.”\nWeisberger views the slow regulatory work by the SEC as being harmful to investors, which among factors, is causing exchanges and custodians to put fees and premiums on crypto in order for investors to enter the market.\nBut as the market grows and becomes more differentiated from traditional markets, the crypto “market is getting more efficient,\" Weisberger said.\nWhile the current sentiment sees larger players continuing to find themselves subject to arbitrage fees and the headaches of legal battles, Weisberger believes it won’t last forever:\n\"The settlement costs and the financing costs of doing certain esoteric strategies will ultimately go down dramatically as DeFi finds its sea legs and matures. We're nowhere near that point yet, but the application of that technology is going to be profound as it grows.\"\nDuring this episode, Weisberger and Chaparro also discuss:\n\nRegulatory risks in the US\n\nRich valuations in private crypto markets\n\nOutweigh benefits to firms headquartered overseas\n\nThe completion of CoinRoutes’ Series B round of funding\n\n\nEpisode 48 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Dave Weisberger, Co-founder & CEO of CoinRoutes.\nThis is the first edition of The Scoop’s policy focused series, Policy Scoop.\nListen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to...","thumbnail_url":"https://img.transistorcdn.com/kC6kzNjgr18dm0FmBfV_f9xccAkjj-QXoCJmVNlNtrU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xZmIz/N2E5MmRmMzJjOTU3/OTNhYjJkYzcxZTlj/MTU2Yi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}