Senior OTC trader: Perpetual swap contracts and cryptocurrency futures dominate the market

CoinDesk Research recently spoke with two senior OTC traders, Martin Garcia (general manager of Genesis Trading) and Yinfeng Shao (former former trader). The two traders shared some insights on cryptographic derivatives and risks:
1. The concept of investors has changed from a venture capital type to a hedge fund type;
2. The derivatives market promotes the spot market;
3. Perpetual swap contracts and cryptocurrency futures dominate the market, and bitcoin options are on the rise, but only a small fraction of the total transaction volume.