FinTech news in derivatives category

Hayes stepped down from his prior role as CEO of BitMEX in October 2020, though sources told The Block that he played a role in the layoffs, in part through his support of BitMEX pivoting away from its core focus on derivatives.

Toyosaki, who also headed up marketing at Bitcoin.com, told journalist in an interview that many of the strategies available to crypto derivatives traders today are fairly risky, a motivating factor behind why she founded Cega, which she says is the first-ever DeFi exotic derivatives protocol. Now, Cega, a new protocol founded by former UBS derivatives trader Arisa Toyosaki, is setting out to create a new category within DeFi — exotic derivatives.