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Crypto Options Market Has Become More ‘Interdealer’ Since FTX’s Blowup: Paradigm

The crypto market, like traditional finance, comprises the “buy-side” and the “sell-side.” The buy-side invests in assets and includes pension funds, mutual funds, institutional investors, hedge funds and retail investors. The sell-side, which includes commercial banks, investment banks, market makers, stockbrokers and other entities, is concerned with creating, promoting and issuing traded securities.

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