On The Brink with Castle Island cover image

Simon Forster and Duncan Trenholme (TP ICAP) on Crypto Market Structure (EP.421)

On The Brink with Castle Island

00:00

The Future of Cryptocurrency

The spot market for Bitcoin and Ether is probably a lot different. The industry has learned some hard lessons in the last year and a half. We are seeing the market coalesce around this kind of off exchange settlement solution, which allows for mirroring assets that are held at an independent custodian. And we still think there's probably about 5% that TPI caps clients into the space.

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