Wintermute 创始人:行业真正的问题在于交易所集经纪、挂单、托管等大权于一身

链捕手
Nov 18, 2025

ChainCatcher 消息,DeFiance Capital CEO Arthur Cheong 今晨于 X 发文表示,加密衍生品(尤其是永续合约)的产品设计与市场结构仍是行业面临的最大结构性问题,若不改善,将难以支撑行业迈向可持续增长。

Wintermute 创始人 Evgeny Gaevoy 就此回复表示,传统金融早就解决了这些缺陷,所以真正的问题并不在于永续合约的设计,而在于那些集执行经纪商、中央限价订单簿(CLOB)和托管服务商于一身的中心化以及伪去中心化交易所。

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10