Grey Dwyer, BitMEX head of business development, talks with Business Insider executive editor Sara Silverstein about how futures contracts are going to impact the bitcoin community. Following is a transcript of the video.
Greg Dwyer: I’m Greg Dwyer. I’m the head of business development at BitMEX, Bitcoin Mercantile Exchange. I’m here to talk to you about how bitcoin futures contracts are going to impact a bitcoin community.
Sara Silverstein: Explain to me how all of this institutional money coming in to the futures market — which is not the same as it going into the bitcoin market — how is that going to impact bitcoin?
Dwyer: Bitcoin now trades, pretty much, on unregulated markets. The fact that it’s going to start trading on the CME and CFE brings an air of legitimacy to the space, because it’s going to bring in mainstream and professional investors, and have them be more comfortable participating in the futures market which is more regulated…