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Comment for Industry Filing 22-001

  • From: Mohammed Khan
    Organization(s):
    Chakudaku Inc.

    Comment No: 66952
    Date: 3/15/2022

    Comment Text:

    FTX the only options market dealing with cryptocurrencies allowed for US-based people. Their options are not very liquid and they do not know what they are doing. For instance, they have options levels of $5,000 for upcoming weeks. We would like to see more options availabilities before they are given this new way to make themselves rich at the public's expense.

    Margin trading is bad enough for equities, but it would be a real menace for crypto traders, especially in the derivatives market.

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