Institutionalization of the Crypto Derivatives Market
2024 Derivatives Innovations: 1) Daily trading volume of options DEX at 5 billion; 2) Total size of prediction markets at 1 billion; 3) Approval of volatility ETFs. Institutional Characteristics: 1) Block trades account for 50%; 2) Structured products growth at 800%; 3) Increase in hedging demand. Retail Investor Considerations: 1) Leverage ≤ 2 times; 2) Manage gamma risk; 3) Pay attention to liquidity. Professional Advice: Derivatives allocation ≤ 10%, prioritize regulated platforms like CME.