The firm’s derivatives tracker currently lists some 100 products such as perpetual swaps and futures from over 20 derivatives exchanges, the firm said in a press release, and covers data points such as price, interest, basis, funding rates, expiry dates and trading volume.
Cryptocurrency data aggregator CoinGecko has added a new service tracking the growing number of crypto derivatives products.
Listed derivatives can also be viewed in three separate ways, including by isolating products from specific exchanges.
CoinGecko CEO TM Lee said the firm anticipates adding more metrics in the future, including options and leveraged tokens offered by various exchanges:
“We hope to empower traders with more data that they can use to make better-informed decisions. We are excited about the potential growth of crypto derivatives and look forward to further democratizing data access as we continue to commit to the maturation of the digital asset space.”
The service does not list products from notable derivatives providers such as CME and Bakkt, as yet. The firm told CoinDesk that was down to the need for a reliable API for the data and the exchanges would likely be added soon.
CoinGecko’s new dataset follows the September overhaul of its “Trust Score” metric for exchange transparency. Originally launched in May 2019, Trust Score was a response to a report from financial firm Bitwise, which claimed 95 percent of crypto exchanges were involved in wash trading or other methods to obfusicate real trading volumes.
With its new offering, CoinGecko joins data provider Skew as one of few services to offer traders an easy way to monitor derivatives based on cryptocurrencies. The firm launched its skewAnalytics service in late September as it announced the raising of $2 million in seed funding from venture capital firms including Kleiner Perkins.
Coinbase Taps Ex-Barclays Markets Exec to Head Institutional Coverage
Coinbase has hired former Barclays markets veteran, Brett Tejpaul, to head up institutional coverage at the San Francisco-based crypto exchange.
Tejpaul spent 17 years at Barclays in various leadership roles including global head of sales (across all of fixed income and equities) and global head of credit and commodities. He also pioneered Barclays’ first “head of digital” role, which included managing fintech venture investments.
Tejpaul said he was intrigued by crypto when he first started looking into it back at the beginning of 2018.
“But it didn’t feel like there was enough of an ecosystem or the infrastructure to meet operational due diligence”, he said. “Fast forward to today, I’m amazed at how far the crypto-economy has developed.”
It’s an ecosystem that’s moved on from a narrow opportunistic ability to trade bitcoin, said Tejpaul, who reckons the largest cryptocurrency isn’t necessarily always the gateway drug for institutions dipping their toes in crypto.
“If you start thinking about the utility function of crypto with the backdrop of stablecoins, it’s possible the first engagement of institutional clients may come via a stablecoin, maybe via USDC rather than trading bitcoin outright”, he said.
It was back around the start of 2018 that Barclays was reported to be in talks to open a crypto trading desk, a plan the bank never formally confirmed and is understood to have later quietly shelved.
Before joining Barclays in 2003, Tejpaul spent nearly nine years at JPMorgan as head of structured credit products in Europe.
