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579 sats \ 1 reply \ @kr 13 Apr 2022 \ on: I'm Romain Rouphael, Co-Founder of LN Markets AMA bitcoin
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In early December, you mentioned that LNMarkets had done over $300M of trading volume since inception (https://www.youtube.com/watch?v=fSsxMGAU0zQ&t=248s). How has trading volume grown since then?
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Do you think options or futures volume will be a larger component of LNMarkets business in 5 years? Will LNMarkets add any additional types of trading?
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What project/announcement were you most impressed with at the Bitcoin Miami conference?
Hey, thanks for your questions!
- Trading volume has been going steadily up, we added 50% more aggregate trading volume since December, around $450M
- Hard to say, but options is clearly a very fast growing market. If I had to make a guess, maybe 40% Options / 60% futures? Yes, we plan to add more products. A lot more. With futures and options, we can already do some very funny combinations. We had this idea of liquidation killer for example, using options which could be fun. We can further add other derivatives. With stablecoins on Lightning, we could also add PL delivery in USD.
- I must confess I was not there, but Victor and Fanis were and sent us a lot of info about what was going on there. It seems like Lightning and mining were the two biggest topics. The Taro announcement might be the biggest imo because it could unleash a tidal wave of new projects (philosophical questions aside) and it's awesome to see the team leveraging taproot in such a way.
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