Austin Reid is the global head of revenue and business at FalconX.

In this episode of The Scoop, Reid discusses why we are still at the 'early stages' of institutional adoption of crypto, and the role retail traders have played in the market's current rally.

OUTLINE

00:00 Introduction

04:12 Market Overview

08:06 FalconX Volume

12:03 Crypto Derivatives

15:55 Interest Rates

19:19 Institutional Adoption

22:10 ETF Flows

26:49 Retail Flows

32:51 Market Maturation

35:06 Exchange Improvements

39:25 Closing Thoughts