From Holding to Hedging: The "Crypto Casino" Trade Is Taking Over
The cryptocurrency market is experiencing a shift from passive holding to active hedging and speculation due to a lack of price appreciation in Bitcoin. Companies like Cboe Global Markets (CBOE) and Coinbase Global (COIN) are pivoting their strategies to capitalize on this trend by expanding into derivatives and prediction markets. This article suggests that investors should focus on the "picks-and-shovels" businesses that facilitate trading rather than solely relying on the underlying asset's price movement.
https://www.marketbeat.com/originals/from-holding-to-hedging-the-crypto-casino-trade-is-taking-over/