BitMax CEO: The futures derivatives market provides more hedging tools to improve market efficiency

George Cao, CEO of BitMax Exchange, stated at the “Crypto Tonight” event that the launch of structured financial products is a very favorable signal for the entire crypto industry. The market for cryptocurrency structured financial products is still relatively small, and is not designed for retail investors in nature. It still has a long way to go. It is a very good thing to have structured products competing on another node in the ecosystem. In the past two years, the structured product market has grown exponentially. Compared with traditional finance, retail investors can easily obtain these financial products, but the risks associated with them are also great. It is not believed that the futures derivatives market is the reason for the early price plunge of Bitcoin. It will only increase the effectiveness of the market. It is a very good thing to allow people with different views on the market to invest with their own money and to explore the direction of the market. It allows everyone to have more tools to hedge, to trade over-the-counter, to develop a variety of financial products. So letting crypto derivatives participate in the development of the entire ecosystem is in line with market needs. Lianwen Note: “Crypto Tonight” is a talk show jointly launched by Winkrypto, Lianwen and Yama. This event invited four guests Shaun Fernando, Leo Wang, Shiliang Tang, and George Cao to discuss the mystery of crypto derivatives. world”. The live video can be viewed at “”.