Last week, substantial volatility returned to the crypto markets. At the same time, the CME Bitcoin Futures contracts passed Binance in terms of open interest. This suggests a rising presence of U.S. based institutional investors within the derivative space. Platforms such as CoinRoutes are creating substantial opportunities for traders, as the spreads between markets have … Continue reading CME Bitcoin Futures Creates Opportunities

Last nights rally (shown above), which propelled Bitcoin from $30k to over $34k was driven by spot buying, not derivatives. This is important as it signals that the accumulation phase of the market may well be over & we are now entering the initial stages of a bull market, climbing the "wall of worry" of … Continue reading SPOT Buying Led the Way…

On @cryptotownhall Thursday August 23rd, we were having a discussion of the ability for potential competitors to Ethereum to be able to supplant its role as a dominant Layer 1 for smart contracts. During this discussion, I noted that there was a massive difference in liquidity between most Alts and Ethereum and that makes their … Continue reading For Use as Collateral, All Tokens are NOT Created Equal…

There has been quite a bit of talk in the crypto markets about thinning liquidity.  Much of that chatter has been based upon the decision of a couple of high profile market makers to exit the US market and participants are concerned about the implications of these changes.  At CoinRoutes, our software is designed to … Continue reading Observations Using the CoinRoutes Liquidity Metric

This is the inaugural CoinRoutes Liquidity Analysis newsletter, which attempts to answer a seemingly simple question: What IS the cost to buy and sell Bitcoin & other crypto assets? The question sounds simple, but alas, it is not, with the vast majority of the market ignoring other participants & trading at prices which are often … Continue reading CoinRoutes Quarterly Market Data Analysis Q1 2023

How CoinRoutes helps our clients navigate the increase in fragmentation As most of you are doubtless aware, over the past week, both of the 24/7 instantaneous networks used to transmit US Dollar balances between crypto exchanges have been closed.  Silvergate Exchange Network (SEN) closed late last week and the SigNet platform offered by Signature Bank … Continue reading The Impact of SigNet’s Closing on Crypto Trading

CoinRoutes saves traders a lot of money... Imagine the following scenario:   You settle into your airplane seat and start to try and relax.  Then, the captain starts to speak over the plane wide intercom: Good morning everyone.  It’s going to be a beautiful day to fly today.  Our projected flight time is 3 hours, but … Continue reading HOW You Trade Crypto MATTERS

Reflecting on 2022 and the lessons we SHOULD learn from the year’s events, I thought about some of my father’s favorite expressions.  If there is an afterlife, my dad is probably “up there” furious with the stupidity exhibited in crypto markets last year.  He was pretty famous among our family and his friends for what … Continue reading Lessons from 2022

This past summer, I interviewed Sam Bankman Fried and focussed much of the 30 minutes on how exchanges SHOULD handle risk. The sad, but clear conclusion, is that SBF should have listened to his own words, since, had he done so, the world today would be very different. In fact, he did the opposite of … Continue reading The Bizzaro Worldview of Sam Bankman Fried

I filmed this weeks recap from #Mainnet22, discussing the high correlation between Bitcoin & risk assets, trading in Ethereum post merge & the ongoing war against innovation from the SEC Chair. https://youtu.be/6vku-ctdmnQ