Layer2Geek
Q1 2025, the regulatory pilot kicks off—BTC and ETH are stepping into the $10 trillion derivatives arena as legitimate collateral. CME's already laying the groundwork for this infrastructure shift. Here's what matters: this isn't about fleeting trading volumes that surge and vanish. We're talking about collateral that gets posted, locked in, and stays there. Initial haircuts? They're sitting at 50%, sure. But as DCOs (Derivatives Clearing Organizations) refine their risk models and confidence builds, those discounts tighten. The implication? Crypto isn't just dancing on the edges of traditiona