For retail traders, prediction markets are “very short term, event driven with fixed downside and fixed upside.”
Andy @Baehr of @GSR_io joins @RemyBlaireNews to discuss how retail is interacting with crypto derivatives and financial markets.
In this week’s Crypto Long & Short newsletter:
🟡@baehr of @GSR_io on what perpetual futures have in common with football and baseball
🟡Top headlines institutions should pay attention to by @FranciscoMemor
🟡“Tokenized assets are growing on a flat stablecoin base” in Chart of the Week
https://t.co/6tbfaDmOZW
"Retail traders seem more and more interested in an experience where discrete events produce outcomes soon. Academics call this 'variable-ratio reinforcement.' The rest of us call it dopamine."
Read more from Andy Baehr (@baehr):
https://t.co/jWiWY9YDkr
Intercontinental Exchange, the owner of the @NYSE teaming up w @tradexyz to develop a regulated U.S. trading venue for perp futures using Hyperliquid’s infrastructure.
The proposed platform to offer round-the-clock 🕰 contracts subject to CFTC approval.
Regarding the reported @binance compromise.
1. We are working with contacts at the exchange to better understand the issue and see where we can help.
2. GSR has limited exposure, less than 5% of our net equity, and doesn't anticipate material disruption to BAU.
Pulled two conversations out of the archives for The Crypto Tape.
I sat down with two of @GSR_io's leading minds earlier this year: Alex Taaffe, our US chief revenue officer, and Andy Baehr (@baehr), head of our asset management.
Alex covers why token launches have slowed, what a project needs before it launches a token, and why perps are one of crypto’s best inventions. Plus his playbook for selling in crypto.
Andy explains why volatility is a good thing, the signals he looks for in a proper rally, and why DeFi needs a proper fixed income market.
If you want to hear how top execs inside a trading firm are thinking about the market, listen.
Episode drops tomorrow.
Crypto had its best summer in nine years.
What's next?
GSR's Andy Baehr (@baehr) chats about what signals are pointing to health returning to the market.
Crypto just posted its strongest summer in nine years, with Bitcoin up 43% in Q3 and an even bigger rally in Ethereum and Solana.
Andy @Baehr of @GSR_io, Managing Director of Asset Management, on the signals pointing to health returning to the market. https://t.co/r9X4nFyPzI
24/7 trading needs 24/7 collateral.
@GSR_io’s Managing Director @baehr explains why tokenized Treasuries and money market funds could help keep collateral productive, enable weekend trading and reduce risk as markets move toward an always-on model.
@jennsanasie brings you this week’s Brand New Rails.