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 the beginning of November.
BTSE alternate ecosystem
BTSE is a novel alternate with a mixed order e book throughout buying and selling pairs to help with liquidity and enhance safety. It additionally gives B2B providers 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 yr. A mixed order e book removes this vulnerability whereas additionally bettering the person expertise for merchants by permitting trades in native currencies.
Superior order matching instruments corresponding to these utilized by BTSE additionally permit for arguably higher visibility for belongings held on an alternate, which is significantly wanted given the revelations which have transpired in 2022.
The subsequent bull run
When requested what catalysts might push crypto again right into a bull market, Henry highlighted the necessity for coverage modifications, a discount in inflation, and establishing rates of interest earlier than a bull run can resurface because of the want for liquidity out there. Henry argued {that a} “good storm of occasions” will probably be required to kick-start the market.
Regarding Bitcoin’s skill to climate its first recession into the subsequent halving, Henry commented {that a} halving is “only a wake-up name for some individuals” and that its influence in the marketplace will solely happen when shortage actually materializes.
The BTSE CEO additionally acknowledged that he hopes Bitcoin will decouple from the normal markets earlier than the subsequent halving to permit for extra thrilling trades inside the crypto trade. He additionally commented {that a} post-merge Ethereum has the “potential” to steer the market with the “ESG angle” however that it “takes years for these items to kick in.”
“The Ethereum developer expertise pool is the perfect within the house… you would not have requested for extra.”
Henry additionally remarked that Ethereum “has all of the elements it wants for fulfillment” sooner or later and is happy to see if it may place itself to take the lead within the trade.
The see the complete interview, click on right here or hit play on the video on the prime of this text.
