Citadel-Backed Exchange That Shook Up Treasuries Takes on Crypto

Citadel-Backed Exchange That Shook Up Treasuries Takes on Crypto, Reports Bloomberg

Oct 7, 2021

By Bloomberg

“There’s been a reluctance from the vast community of active stock and derivatives traders to pick up crypto,” owing to a lack of accessible products (size, ease of use, and price transparency) and education in the space, said Frank Kaberna, Small Exchange’s chief content strategist. “Small Crypto futures come in at one of the smallest notional sizes of any futures in the entire marketplace, and it trades and settles to cash just like most standard equity index futures.” reports Bloomberg.

The Small Exchange, which listed its first products in mid-2020, stands to benefit from the increasing participation of retail investors in markets. It’s not alone: Both CME Group Inc. and Cboe Global Markets Inc. have been issuing smaller-sized products in recent years themselves. At Small Exchange, volume grew more than 60% year over year since its launch last June, and it tallied its best daily volume on Sept. 14, Kaberna said.

“As the crypto market matures, many exchanges and brokerages have rushed to increase access to coins coming with great regulatory hurdles,” Kaberna said. “Amid this rush, they forgot one of the greatest maturation signs of a new class of financial products -- the establishment of its stock market.”

The Small Exchange is making futures markets more accessible to more people with small, standard, and simple products that combine the best of futures and stocks.

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