Odd Lots Roshun Patel on What Really Happened During the Crypto Market Crash
May 31, 2021
Roshun Patel, VP of Institutional Lending at Genesis, offers a deep dive into the recent crypto market crash. He explains the surprising factors behind the drastic price declines of major cryptocurrencies, emphasizing the pivotal role of market structure and institutional involvement. Patel also discusses the psychological challenges traders face during volatility and how institutions adapt their strategies. With insights on counterparty risks and the evolving landscape shaped by crypto brokerages, this discussion is a must-listen for anyone navigating the crypto world.
AI Snips
Chapters
Transcript
Episode notes
Genesis Origin
- Genesis grew from a company called SecondMarket, which facilitated trades of pre-IPO stock.
- This experience connected them with early tech investors who also became early crypto adopters.
Client Base Evolution
- Most of Genesis's clients are crypto-focused funds.
- However, they're seeing more diverse clients recently, with some having primary business outside of crypto.
Crypto Lending
- Genesis provides lending services in the crypto market, similar to traditional prime brokerage.
- They initially lent Bitcoin for cash but now largely lend stablecoins against Bitcoin.