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The analysts argue that the crypto derivatives market in the U.S. has significant growth potential, as offshore markets, like perpetual futures, are three to four times larger than the spot market. Meanwhile, the U.S. crypto options market is still in its early stages. However, with the SEC and CFTC becoming more supportive of crypto, the analysts expect the onshore U.S. market for both spot and derivative crypto products to expand.
"With the regulatory environment easing, crypto exchanges and broker/dealers are making M&A power moves," the analysts led by Gautam Chhugani wrote in a Monday note to clients, as traditional brokers seek to offer crypto tokens and crypto exchanges make plans to integrate traditional equity and derivative products.
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