Just read Trading Legend Don Wilson: Asian Demand High for Bitcoin Futures

Trading Legend Don Wilson: Asian Demand High for Bitcoin Futures

Don Wilson, founder of high-speed trading firm DRW, said bitcoin derivatives trading in Asia hours is almost equal to the volume he's seen in the U.S., something he says is an anomaly when compared to other financial instruments. Referencing bitcoin futures trading data on U.S. exchanges provided by CME and CBOE, Wilson went so far as to suggest there may be demand for similar trading tools in Asia. He told attendees:"If you look at the bitcoin futures data from CME and CBOE, volume in Asia hours are almost the same wth the U.S. ... Whereas in like foreign exchange, even for the Japanese yen-dollar trading, volume in Asia is significantly lower." Explaining the initial idea of DRW to start a crypto trading desk, Wilson said it is rooted in his belief that crypto's decentralization feature.

Read the full article at coindesk

Wednesday, September 19, 2018