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Houston TX
Legendary Market Wizard
Experience: Advanced
Platform: TT Stellar & Tradestation
Broker: Primarily Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,241 since Dec 2013
Thanks Given: 4,586
Thanks Received: 10,531
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Wonder who this is aimed at.
If we think about FCMs clearing Tradfi/CME contracts what does it mean? For FCMs to consider it collateral they will surely require you to actually send them the crypto, just like they require you to send them the money/cash. Which means they will have to have wallets and processes in place for this. I personally do NOT see this happening anytime soon.
So who does that leave? FCMs clearing Non-Tradfi/CME contracts? Who is that? Coinbase? Kraken? Can't you already use Crypto as Margin Collateral at Coinbase? Or does it only count for spot crypto trading and not crypto futures?
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