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

Market makers' share of crypto options trading volume settled through OTC platform Paradigm has increased as hedge funds, family offices and high-net worth individuals sit on the fence. The situation may persist for some time.

Updated Dec 19, 2022, 9:50 p.m. Published Dec 19, 2022, 10:26 a.m.
The interdealer flow as percentage of Paradigm volume is the highest of 2022. (Paradigm)
The interdealer flow as percentage of Paradigm volume is the highest of 2022. (Paradigm)