The $25 million Bitcoin glitch hiding inside Wall Street’s clearinghouses

Two Wall Street trading desks can hold economically similar exposure to Bitcoin and still pay materially different amounts to keep that exposure open. That's not because one desk made a better market call, but because the regulated products carrying the positions are inside collateral systems that don't always recognize them as parts of the same […] The post The $25 million Bitcoin glitch hiding inside Wall Street’s clearinghouses appeared first on CryptoSlate.