Episode 75 A View from the Market

Episode 75: A View from the Market

Episode 75

A View from the Market

Dan Matuszewski is the co-founder of CMS Holdings. We cover how the markets have digested the cases against Binance and Coinbase, the change in the liquidity environment, and his take on the private market.

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(00:02:02) – (First Question) – He checks in on the current stock market climate and its overall performance  

(00:03:29) – His take on the large drop that occurred recently once the market closed Friday     

(00:05:05) - The change in liquidity environment due to banks exiting the space

(00:05:54) - Possible replacements for two major firms pulling back from the market 

(00:06:22) – Players who still have leverage to create markets 

(00:06:30) – The outcome for the liquidity of books moving forward 

(00:07:09) – A look into institutional trading and international expansion  

(00:09:17) – Hypothetical American market isolation and its effects on global liquidity

(00:09:57) – Comparing prior actions of government involvement   

(00:11:00) – He tells us why listed tokens are being traded differently than non-listed tokens 

(00:11:24) – A look at what he is trading 

(00:11:56) – He talks to us about DeFi versus centralized training

(00:13:18) – Opinions about the scale of the case and outcomes expected 

(00:14:45) – His presumed timeline on a resolution and how it could happen

(00:16:22) – NFT market performance and the problems with cryptocurrency  

(00:20:34) – His take on the private market

(00:21:29) – Possible successful business model of prime brokers

(00:21:59) – The parts of DeFi that he’s interested in 

(00:22:55) – What he tells people who’ve just gone through their first boom bust cycle

(00:23:20) – Things in the market he’s keeping an eye out for in the future
(00:23:44) – The positive things he’s seeing globally writ large

A View from the Market

Introduction

Eric
This is Eric Golden. And my guest this week is Dan Matuszewski, the Co-Founder of CMS Holdings. It's been a busy few weeks in crypto, and Dan joins us today for a quick check-in on the view from his seat as a trader. This episode is shorter than usual, but it's action-packed as we discuss how the markets have digested the cases against Binance and Coinbase. This is the second time I've spoken to Dan on the show, who I think is one of the wittiest and smartest voices in the industry. Please enjoy my conversation with Dan Matuszewski.

Eric
Dan, thanks for joining me.

Dan
Hey, thanks for having me.

What's going on with the markets

Eric
So let's just start with performance. Over the past three months, stocks are up, depending on the S&P or Nasdaq 10% to 19%, bonds are up 1% to 2% and Bitcoin is up 26%, ETH is up 18%. That's over the past three months. So we're thinking more short-term or medium-term here. If you had known the headlines before they were coming out, I'm not sure you would have thought that the crypto prices would have held up as well. We've got huge headlines across the market. So let's check in with you and see what's going on right now.

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