On this episode of the SlateCast, Akiba speaks with Henry Liu, the CEO of BTSE, to debate liquidity, crypto markets, and the catalysts to look out for through the bear market. The interview was recorded earlier than the collapse of FTX at first of November.
BTSE change ecosystem
BTSE is a novel change with a mixed order e-book throughout buying and selling pairs to help with liquidity and enhance safety. It additionally offers B2B companies for different smaller exchanges to assist liquidity and technical infrastructure.
Low-volume buying and selling pairs on crypto exchanges have been an assault vector for some hackers, just like the 3commas hack earlier this 12 months. A mixed order e-book removes this vulnerability whereas additionally bettering the consumer expertise for merchants by permitting trades in native currencies.
Superior order matching instruments comparable to these utilized by BTSE additionally enable for arguably higher visibility for property held on an change, which is significantly wanted given the revelations which have transpired in 2022.
The subsequent bull run
When requested what catalysts may push crypto again right into a bull market, Henry highlighted the necessity for coverage adjustments, a discount in inflation, and establishing rates of interest earlier than a bull run can resurface because of the want for liquidity available in the market. Henry argued {that a} “good storm of occasions” might be required to kick-start the market.
Regarding Bitcoin’s capability to climate its first recession into the following halving, Henry commented {that a} halving is “only a wake-up name for some individuals” and that its impression available on the market will solely happen when shortage really materializes.
The BTSE CEO additionally acknowledged that he hopes Bitcoin will decouple from the standard markets earlier than the following halving to permit for extra thrilling trades inside the crypto business. He additionally commented {that a} post-merge Ethereum has the “potential” to guide the market with the “ESG angle” however that it “takes years for these things to kick in.”
“The Ethereum developer expertise pool is the perfect within the house… you could possibly not have requested for extra.”
Henry additionally remarked that Ethereum “has all of the substances it wants for fulfillment” sooner or later and is happy to see if it might probably place itself to take the lead within the business.
The see the total interview, click on right here or hit play on the video on the high of this text.
