It's a derivative, it also exists in traditional markets and it's size is gigantic compared to normal markets.
As far as I understand it, in this case, it's essentially cash settled.
As far as I understand it, in this case, it's essentially cash settled.
Crypto is still speed running the past 150-years or so of financial misadventures.
And pointing at how the NYSE is becoming more of a casino doesn't validate crypto doing it as well.
Crypto is starting to look more and more like the det wire that could set off the next financial implosion.
https://www.investopedia.com/ask/answers/052715/how-big-deri...
Now compare to the M2 money supply https://www.investopedia.com/terms/m/m2.asp