Lucas Jevtic

Lucas joined The Block Research in 2021 as a research intern. He specialises in the intersection between traditional finance and the digital asset space. His current interests are market structure, cryptocurrency structured products, and financial engineering. Lucas has a background in applied and financial mathematics.

The concept of privacy often does not couple well with public blockchain technology. Blockchains, in the form they were conceived, are openly accessible records of transactions stored in an immutable ledger. Any individual can view every transaction a party (blockchain address) has been involved in. While a person’s private information is often not directly displayed […]
May 10, 2022, 6:50PM UTC
Fintech is a broad term that can encompass any technology-enabled innovation or business. Hence, cryptocurrencies and blockchain solutions form a subset within the definition of Fintech. However, various other sub-sectors exist, such as accounting, banking, buy now pay later (BNPL), infrastructure, insurance, and wealth management. Companies within these sectors frequently interact with cryptocurrency and blockchain […]
Mar 23, 2022, 11:16AM UTC
Volatility remains one of cryptocurrencies’ defining features. As markets become more developed, demand for dedicated products and measures of volatility have increased. Sophisticated traders, particularly those coming from traditional markets, use volatility indices and products to hedge, as well as trade against future market changes without taking directional positions. For example, a trader holding a […]
Mar 17, 2022, 1:14PM UTC
One of the long-touted use cases for cryptocurrencies is facilitating fast, P2P transactions. While wide-scale adoption is yet to take place, more businesses are exploring pathways for accepting payments in cryptocurrencies. On the client-side, a recent survey by BitPay and PYMNTS found that 60% of Americans who have interacted with cryptocurrencies would be interested in […]
Feb 24, 2022, 6:22PM UTC
The US regulatory framework continues to be a complex maze of federal- and state-level legislation and licensure. Companies that gain approval see significant upsides from accessing the world’s largest financial markets. In a broad sense, these regulations can be divided into those that focus on spot cryptocurrency activities and those that pertain to derivative contracts, […]
Feb 15, 2022, 6:41PM UTC
In the past, firms involved in the cryptocurrency and digital asset space struggled to build business relations with traditional banks. The 2008 financial crisis led banks to take a conservative stance as regulation suddenly tightened on their activities. Consequently, for many years banks saw digital assets as too high-risk and unregulated.  Until recently, the regulatory […]
Jan 20, 2022, 6:52PM UTC
Several platforms offer tokenised securities, the most popular being centralised exchange FTX and the DeFi protocol  Mirror. Tokenised securities allow traders to enhance their portfolios by gaining exposure to equities markets alongside cryptocurrencies. DeFi protocols such as Mirror also open up many opportunities such as staking, liquidity providing, and governance. A tokenised security seeks to […]
Jan 11, 2022, 8:11PM UTC
The rapid growth of digital assets into a trillion-dollar industry creates the need for institutional custody, brokerage, clearing, and settlement solutions. In traditional finance (TradFi), these services are typically fulfilled by bulge bracket banks, such as JP Morgan, Citi, or Goldman Sachs. However, the initial hesitancy of traditional firms to interact with digital assets created […]
Jan 4, 2022, 5:17PM UTC
In the past, BTC and ETH served as suitable metrics for the crypto landscape as a whole. As little as 2 years ago it was a reasonable assumption that this thesis held true. However, crypto moves fast and old theses must be replaced by new. Market statistics obtained via Binance spot and derivatives exchanges provide […]
Dec 7, 2021, 3:49PM UTC
Established in 2014 by John Jansen, Deribit was conceived with one aim: to be a professional, fully dedicated cryptocurrency futures and options trading platform. The exchange prioritises low latency in its markets to realise this goal, allowing traders to post thousands of orders per second. From humble beginnings, Deribit has become a pioneer in the […]
Nov 23, 2021, 8:43PM UTC
More than 8 years from the Winklevoss twins’ first application for a bitcoin ETF, the SEC’s cold stance on crypto products is thawing. The SEC’s approval of three bitcoin ETFs opened a major gateway to digital asset markets for traditional investors. These ETFs enable exposure to bitcoin through traditional US trading venues without the complexities […]
Nov 2, 2021, 3:20PM UTC
The digital asset derivatives market exploded over the past year. September 2020 average bitcoin futures dollar volumes were ~$300 billion when aggregated across all major exchanges. Since then, the average monthly dollar volumes increased roughly 5.0x with ~$1.6 trillion of futures volume in September 2021. There remains a high correlation between derivatives growth and bitcoin’s […]
Oct 20, 2021, 7:10PM UTC