This is how Americans spend their money1 (according to a study by the Bureau of Labor Statistics): Like most aggregates when you’re dealing with hundreds of millions of people, everyone’s spending is probably somewhat different than these averages. But directionally these numbers look right to me from a big-picture perspective. The two biggest line items […]
LedgerX, which does business as FTX US Derivatives after being acquired in 2021, filed a plan to directly settle crypto derivatives, cutting out intermediaries, earlier this year. The move met with opposition from traditional financial players, such as Cboe, which warned that there may be investor safeguard and protection concerns.