Blockchain technology will eventually establish a reliable framework for exchanging value, effectively decentralizing power and financial control. This vision represents a revolutionary paradigm shift that we should wholeheartedly embrace.
However, there are certain factors that may hinder this bright future, including the zero-sum nature of the derivatives market. Crypto needs continuous adoption and capital injection to increase in value — the psychological tendencies that tend to encourage the fear of missing out (FOMO) and excessive trading.
Hao Yang has served as the head of options at Bybit since 2021. He previously provided consultancy services for OKEx Options. Prior to that, he worked as a quantitative analyst modeling energy options with exotic pay-off structures at energy firm PZEM and as a trader at Optiver, where he focused on interest rates and index options. Hao began his crypto journey as a miner before building the trading system for a crypto exchange startup. He holds an MSc in finance from Vrije Universiteit Amsterdam’s Duisenberg Honors Programme in Quantitative Risk Management.