4 ms·
It's a derivative, it also exists in traditional markets and it's size is gigantic compared to normal markets. As far as I understand it, in this case, it's es
by rawtxapp 5y ago
It's a derivative, it also exists in traditional markets and it's size is gigantic compared to normal markets.
As far as I understand it, in this case, it's essentially cash settled.
- social_quotient 5y agoYes and here is a good read for those that haven’t seen some of these figures. https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp https://www.investopedia.com/ask/answers/052715/how-big-deri... Now compare to the M2 money supply https://www.investopedia.com/terms/m/m2.asp https://www.investopedia.com/terms/m/m2.asp
- cmckn 5y agoI wouldn’t call stablecoins “cash settled”. Like, at all, in any sense, ever.
- lamontcg 5y agoIt is a gambling market, not a derivative.
- rawtxapp 5y agoThat's mostly what they are used for anyways amongst other purposes like hedging or leverage.
- lamontcg 5y agoThere's historical reasons why bucket shop gambling is illegal, and why derivatives are regulated. Crypto is still speed running the past 150-years or so of financial misadventures. And pointing at how the NYSE is becoming more of a casino doesn't validate crypto doing it as well. Crypto is starting to look more and more like the det wire that could set off the next financial implosion.