TradFi Executive: Cryptocurrency derivatives will play a key role in the future of Bitcoin

TradFi executives stated that BTC and ETH derivatives will play a key role in integrating cryptocurrency into traditional finance (TradFi) and pushing it to historical highs. TradingView General Manager Pierce Crosby pointed out that derivatives have always been an important part of cryptocurrency trading, but high fees and slippage have adversely affected traders.

Giovanni Vicisoso, the global head of cryptocurrency products at CME Group, believes that spot Bitcoin ETFs will attract investors who are unwilling to use centralized exchanges and help with Bitcoin price discovery. Jim Iuorio, Managing Director of TJM Institutional Services, said that the Federal Reserve may have to cut interest rates and ease policies, which is beneficial for stocks and Bitcoin.

Crosby also mentioned that large institutional investors are changing the notion that cryptocurrencies are just tech stock subsidiaries. Although the market can sometimes be affected by internal black swan events, he believes the crypto market will eventually recover.