ICYMI: Credit Suisse vet launching $200 million crypto options trading fund
CK Zheng, who spent nearly 20 years at Credit Suisse, is raising money for a new hedge fund in the crypto space.advertisement
"We can use options in a way that can substantially reduce volatility," Zheng told The Block in an interview. The crypto options market has grown by nearly 10x since 2020, according to data compiled by The Block. Since the start of 2022, the bitcoin options market has turned over more than $7 billion across venues ranging from CME Group to Deribit.
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