Core Insights - The future of finance may transition from traditional Wall Street systems to blockchain networks, emphasizing the potential of tokenization of real-world assets (RWAs) [1][2][3] - Tokenization is seen as a transformative use case for blockchain, enhancing liquidity, transparency, and enabling 24/7 trading for assets like real estate and equities [2][4] Tokenization and Market Dynamics - The tokenization of money market funds is highlighted as a significant opportunity, with stablecoins acting as a bridge to this new system [4] - The demand for round-the-clock trading is underscored by the performance of Bitcoin during geopolitical events, suggesting that traditional markets could benefit from similar on-chain trading capabilities [6][7] Derivatives and Trading Strategies - The rise of zero-day-to-expiry (zero-DTE) options in the U.S. is noted, with these options now making up over half of daily S&P 500 options trading [8] - There is a potential for the appetite for zero-DTE options to extend into the crypto market, with existing platforms like Deribit already offering such products [9][10] Coinbase and Market Position - Coinbase has solidified its position in the crypto market by acquiring Deribit, the leading crypto derivatives platform, enhancing its global derivatives offerings [11]
Coinbase exec calls Bitcoin a 'release valve' during weekend shocks, when Wall Street sleeps