20 sats \ 0 replies \ @faithandcredit 17 Jun 2022 \ parent \ on: Floaters | Arthur Hayes bitcoin
The thing is that with BTC you sort of hit a wall. You can make a wallet, or an exchange with a BTCUSD perpetual contract. But thats where it stops. Regulations make it impossible to develop further financial products, like a BTCXAU perpetual or Oil settled, priced in BTC futures :) Thats what BitMEX should have gone down that route "Bitcoin Mercantile Exchange" But instead they picked the low hanging fruit and kept adding shitcoin pairs. Can you blame them tho?