MadBitcoins interviews Marko from Alt Options #BitcoinMiami 2015

Here's a summary of the MadBitcoins interview with Marko from Alt Options at Bitcoin Miami 2015:

1. Main Topics Discussed:

• Alt Options Introduction: Marko explains Alt Options is a Bitcoin exchange specializing in derivatives (futures and options) for both institutional and retail clients.
• Derivatives Explained: He clarifies what derivatives are – contracts deriving value from an underlying asset (in this case, Bitcoin). Options allow users to buy or sell Bitcoin at a predetermined price and date.
• Hedging: Marko highlights the use of derivatives for hedging against potential Bitcoin price declines, particularly for institutional clients.
• Future Expansion: Alt Options plans to expand beyond Bitcoin to include other cryptocurrencies through a partnership.
• Launch Timeline: The derivatives product is slated to launch around April 2015.

2. Key Quotes:

• "A derivative, as the name entails, it derives its value from an underlying asset."
• "So you can take your Bitcoins there and buy Bitcoin derivatives?"
• "They have a lot of Bitcoin holdings, so they can like, let's say it's known as a call, a contract to buy. They can write calls, and then people will buy them, and they'll lock in that price basically of their asset, and they can also collect a premium on selling that contract on the open market."

3. People Mentioned:

• Marko (from Alt Options)
• The interviewer (from MadBitcoins)

4. Bitcoin Price:

• The Bitcoin price itself is not mentioned in the transcript.