JL Capital Logo

Bitcoin & Crypto Daily Digest – 2025-08-23

Market Sentiment: mixed

India's equity options now 84% of global market; retail driving 41% of volume. Hyper-financialization trend gaining traction; derivatives demand exploding. Equity perps face unique challenges: trading gaps, corporate actions, earnings timing. Robinhood model shows value in order routing, not just exchange building. Market inefficiencies ripe for intermediating; focus on traditional hours.

Key Narratives

  • Equity perpetual contracts
  • Retail investor empowerment
  • Derivatives demand surge

Sources