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Bloomberg: Investors, Miners, Turn to Derivatives to Survive Crypto Winter


Crypto investors and miners are turning to derivatives such as options in an attempt to survive the protracted market downturn.

Crypto investors and miners are turning to derivatives such as options in an attempt to survive the protracted market downturn, a Bloomberg piece argues on Feb. 13.

The article presents the increasing popularity of complex trading instruments as a means of pocketing cash short term as being symptomatic of just how difficult it has become to weather this bear market — the longest in industry history.

Sam Bankman-Fried, CEO of Alameda Research, a quantitative trading firm for digital assets in San Francisco, told Bloomberg:

“Anyone sitting on a stockpile of tokens saw in the bear market of 2018 that their business is at the mercy of crypto prices. It can be crucial for those players’ survival to have some cash if digital asset prices go down.”

With a host of seasoned financial…



Read Full Story : Cointelegraph.com News

2019-02-13 09:40:00

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