The Scoop

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

Show Notes

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


What is The Scoop?

Welcome to The Scoop, The Block's flagship podcast covering finance and technology industries through unmatched interviews with top thought leaders, cultural icons and industry veterans. The Block’s Frank Chaparro hosts new guests every week, diving into breaking news and topics ranging from NFTs, to the impact of DeFi on Wall Street, to Bitcoin's role in the economy and beyond.