Fierce volatility and other complications unique to crypto markets “could theoretically be addressed by robust margin requirements and risk management,” said Dan Awrey, a professor who teaches derivatives policy at Cornell Law School. Still, he added that “smaller firms, with fewer counterparties and exposure to highly correlated market risks, are ultimately at a higher risk of default than many incumbent firms.”
FalconX Tests Waters as First Full-Fledged Crypto Derivatives Dealer
