TradFi executive: Cryptocurrency derivatives will play a key role in the future of Bitcoin

TradFi executives said that BTC and ETH derivatives will play a key role in the integration of cryptocurrencies into traditional finance (TradFi) and drive it to record highs. Pierce Crosby, managing director of TradingView, pointed out that derivatives have always been an important part of cryptocurrency trading, but high fees and slippage have adversely affected traders.
Giovanni Vicisoso, global head of cryptocurrency products at CME Group, believes that spot bitcoin ETFs will attract investors who are reluctant to use centralized exchanges and help bitcoin price discovery. Jim Iuorio, managing director of TJM Institutional Services, said that the Federal Reserve may have to cut interest rates and ease policy, which is good for stocks and bitcoin.
Crosby also mentioned that large institutional investors are changing the narrative that cryptocurrencies are just accessories to tech stocks, and that although the market is sometimes affected by internal black swan events, the crypto market will eventually recover.