Wall Street Sneaks Into Crypto Swaps—Hidden Road Unlocks Cash-Settled Trading for US Institutions
Another day, another backdoor for traditional finance to dabble in crypto without touching the ’scary’ stuff. Hidden Road just flipped the switch on cash-settled crypto swaps for US institutions—no actual Bitcoin required. Because why hold the asset when you can speculate on its corpse?
The Naked Truth:
These swaps let big players bet on crypto price swings without the hassle of custody, regulation, or (heaven forbid) believing in the technology. It’s derivatives all the way down—just how Wall Street likes it.
The Fine Print:
No numbers disclosed (classic), but rest assured the fees are juicier than a meme coin pump. Meanwhile, retail traders still jump through KYC hoops for spot trades. Priorities.
One step closer to the inevitable future where banks ’disrupt’ crypto by turning it into the very system it was meant to replace. Slow clap.