Crypto Options Traders Turn to DeFi for Altcoin Bets as QCP Slings $1B

Posted on by American Coins & Gold

Crypto Options Traders Turn to DeFi for Altcoin Bets as QCP Slings B
Decentralized finance (DeFi) is fast becoming a preferred avenue to hedge smaller cryptocurrencies beyond bitcoin (BTC) and ether (ETH), as leading centralized derivative exchanges like the Chicago Mercantile Exchange and Deribit remain fixated on the two market leaders.Singapore-based QCP Capital, an early investor in the dominant centralized crypto options exchange Deribit and one of the top volume leaders on the platform, is now trading more than $1 billion worth of crypto options on DeFi platforms per month, according to the firm’s chief investment officer, Darius Sit.QCP, which runs a book in excess of $2 billion across exchanges, over-the-counter platforms and…