On this episode of The Scoop, head of derivatives at Genesis Joshua Lim helped unpack the dynamics shaping the market behind its headline Q4 numbers. In addition to a compression in the popular, and once very juicy, basis trade, Lim explained that the market became more dynamic with big new hedge funds entering the fold. At the same tie, existing participants become more engaged with the market – holding crypto on their balance sheet for not just investment purposes, but for operational use as well. The post Here’s how the crypto market shifted last year, according to an exec trading billions of dollars appeared first on The Block.
