Crypto options need more principal market-makers – GS trader

Institutional
participation
in
cryptocurrency
options
trading
is
being
hampered
by
a
lack
of
principal
market-makers,
with
capital-constrained
high-frequency
trading
firms
–
unable
to
warehouse
large-scale
risk
–
dominating
the
sector,
according
to
a
senior
Goldman
Sachs
trader.

“For
a
[crypto]
options
market
to
be
functional,
you
need
some
participants
who
can
warehouse
big
portions
of
that
risk
and
are
happy
to
run
non-offsetting
positions,”
Andrei
Kazantsev,
head
of
crypto
derivatives
trading

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