Derivatives Decoded
by Kemet Trading
Latest episode
EP 13 – Kalshi's Andy Ross on hedging the event itself rather than a…
EP 13 – Kalshi's Andy Ross on hedging the event itself rather than a…
About this podcast
Welcome to Derivatives Decoded where we explore the cutting-edge world of digital asset derivatives. Each episode features discussions with leading traders, quants, and risk managers about innovative strategies and emerging products in digital asset futures, options, and swaps. We cover topics from advanced trading algorithms to regulatory shifts impacting institutional derivatives trading. Join us for essential insights into the rapidly evolving landscape of digital asset derivatives.
Episodes
- EP 13 – Kalshi's Andy Ross on hedging the event itself rather than a basket of proxies · 1 h 0 minHow do you hedge an event when the hedge comes apart from the thing it protects? The textbook Brexit trade was to short equities. Markets rose instead, and the hedge…
- EP 12 – Galaxy's Michael Harvey on why crypto and TradFi become one thing in five to ten years · 38 minMichael Harvey runs franchise trading at Galaxy, and he says the horse is out of the barn on perpetual futures. A billion dollars of daily notional already trades on Kalshi's…
- EP 11 — Why true prime brokerage doesn't exist in crypto without top-five bank balance sheets | Adam Guren · 39 minAdam Guren built Hunting Hill Global Capital from a $10M friends-and-family fund in 2012 to $650M in AUM today, with 90% of risk now in crypto derivatives. Starting as an ETF…
- EP 10 — $3.5 billion in bitcoin-backed loans with zero liquidations: The institutional underwriting framework · 55 minTwo Prime built one of the largest bitcoin-backed lending operations in the US by doing what collapsed lenders didn't: lending exclusively to institutions with provable bitcoin…
- EP 9 — Cross-Asset Prime Brokerage: How Hidden Road Bridges Traditional Finance and Digital Assets · 57 minInstitutional traders need infrastructure that works across both traditional and digital asset markets. Michael Higgins explains how Hidden Road built pension fund-backed prime…
- EP 8 — MarketVector's Martin Leinweber on Building the Coin 50 Index for Institutions · 26 minThe absence of primary listing exchanges in crypto creates challenges that most institutional players underestimate until they attempt to build derivative products at scale…
- EP 7 — Deribit's Luuk Strijers on the Strategy Behind Their Global Expansion · 38 minThe institutional crypto derivatives market has quietly evolved into a sophisticated ecosystem demanding infrastructure standards that most platforms simply cannot deliver. Luuk…
- EP 6 — Bitwise’s Matthew Hougan on Converting Bitcoin Volatility Into Income Opportunity · 33 minThe cryptocurrency landscape has been radically transformed, but Matthew Hougan, Chief Investment Officer at Bitwise, believes markets are still underpricing the implications. In…
- EP 5 — MNNC Group’s Shiliang Tang on Why Digital Asset Trading Firms Need Strategic Consolidation · 37 min"Build or buy?” In crypto, that question just got a lot more complicated, explains Shiliang Tang, Advisor to FalconX and Founder & General Partner at MNNC Group, in this episode…
- EP 4 — Arca’s Jeff Dorman on Why Bank Custody Services Could Transform Digital Assets · 36 minFrom redefining prime brokerage models to navigating the complexities of T+0 settlement, this episode of Derivatives Decoded features Jeff Dorman, Chief Investment Officer at…
- EP 3 — Galaxy Digital’s Jason Urban on Building Trust and Infrastructure in Digital Asset Derivatives · 33 minIn this episode of Derivatives Decoded, Ash speaks with Jason Urban, Global Head of Trading at Galaxy Digital, who brings his expansive insights on the evolving landscape of…
- EP 2 — Abra’s Robert Wallden on Cross-Margining Strategies for Enhanced Capital Efficiency · 36 minIn this episode of Derivatives Decoded, Ash speaks with Robert Wallden, Head of Trading at Abra. Robert shares his insights on the dynamic world of crypto trading and…
- EP 1 — Arbelos Markets’ Josh Lim on Risk Management Strategies in the Crypto Market · 46 minIn our very first episode of Derivatives Decoded, our host, Founder & CEO of Kemet Trading, Ash Ashmawy, speaks with Josh Lim, Co-founder of Arbelos Markets. Josh shares his…
