dYdX CEO says institutions are now major force in crypto derivatives

Crypto derivatives were not built for just speculation. In traditional finance, derivatives exist to hedge risk. Farmers lock in crop prices. Corporations manage exposure to commodities or currencies. In crypto, that original purpose was largely lost. For years, derivatives in digital asset markets were dominated by retail traders using leverage to amplify short term bets. According to Charles d’Haussy, CEO at DyDx, that balance has now shifted. In an interview with TheStreet Roundtable, d’Haussy said 20 ...