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Crypto Options Market Has Become More 'Interdealer' Since FTX's Blowup: Paradigm

Market makers' share of crypto options trading volume settled through OTC platform Paradigm has increased as hedge funds, family offices and high-net worth individuals sit on the fence. The situation may persist for some time.

The interdealer flow as percentage of Paradigm volume is the highest of 2022. (Paradigm)
The interdealer flow as percentage of Paradigm volume is the highest of 2022. (Paradigm)