Here’s How One of NYSE’s Biggest Market Makers Breaks Into DeFi

Episode 66 of Season 3 of The Scoop was recorded remotely with Frank Chaparro and Ari Rubenstein of The Block, co-founder and Ryan Sheftel, co-founder and CEO of Radkl.

Listen below and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stapler or wherever you listen to podcasts. Email your comments and review requests to [email protected]

This episode is brought to you by our sponsors Bakkt, Kraken and Exodus

Bakkt® unlocks over $ 1.2 trillion in digital assets currently held in cryptocurrencies, rewards and loyalty points, game assets and merchant stored value. We started in 2018 with the vision to bring trust and transparency to digital assets. Through the Bakkt Warehouse and Bakkt Bitcoin Futures and Options contracts, we serve institutional clients in an end-to-end regulated market with true price transparency. For consumers, Bakkt aggregates digital assets to enable instant liquidity and allow users to trade, transfer and pay however they want. Visit Bakkt.com for more information

About Kraken

Whether you are an experienced crypto trader or just starting out, Kraken has the tools to help you achieve financial freedom. With over 50 cryptocurrencies to choose from, industry-leading security, and a wide variety of features to suit any investment strategy, Kraken puts the power in your hands to buy, sell, and trade digital assets. Visit Kraken.com to start today.

About Exodus

Exodus leads the world outside of traditional finance by creating beautiful and user-friendly crypto products. Forget about having to learn the nuances of different cryptocurrencies. Exodus is designed for everyone and hides intricate details behind a beautiful and intuitive interface.

Buy and sell one cryptocurrency for another from the comfort of your wallet, in seconds. The funds remain under your full control.

SecondUse, manage, stake and trade all your favorite cryptocurrencies from a single wallet. No account registration is required. Download Exodus on Exodus.com or directly from google play and the IOS App Store and you are good to go.

advertising


In this episode of The Scoop, founder Ari Rubenstein and founder and CEO Ryan Sheftel joined host Frank Chaparro to discuss the launch of their new crypto company, called Radkl.

Radkl, which originated from New York Stock Exchange trading and market maker GTS, is a new digital asset trading company. GTS currently trades hundreds of thousands of financial instruments algorithmically, which, according to GTS, represents approximately “five percent of all US stock markets by volume.”

Radkl’s focus on crypto today means providing liquidity and possibly entering into decentralized financial protocols like staking, among other services he expects to offer his clients.

“Being involved in the provision of liquidity, in the AMM and DeFi protocols is an obvious first start,” said Sheftel. The CEO said he expects traditional CeFi order books to merge with AMM liquidity and Radkl to serve this sector of the market.

Meanwhile, Rubenstein sees the early days of crypto businesses as a type of disruption and similar growth potential for traditional businesses in an era when capital markets went electronic and online.

Rubenstein thinks they’re the early entrants in a growing market, “I think we’re going to see a world very soon, Frank, where we’ll see an explosion in secondary markets for things that previously didn’t have secondary markets. that are now being made by this digitization of industries which – I’m not just talking about financial instruments or digital images like entities – I’m hearing a lot of other things that could be the backbone of CeFi and the decentralized finance. ”

Hedge fund investor and Mets owner Steve Cohen has also announced that he will back Radkl. Although for now, the exact sum of this investment has not been disclosed.

© 2021 The Block Crypto, Inc. All rights reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.

Trending Stories


Source link

Comments are closed.