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Laser Digital Hires Galaxy Digital Derivatives Traders Amid Crypto Options Surge

Laser Digital strengthens its crypto derivatives team by recruiting three professionals from Galaxy Digital, reflecting the growing demand in the crypto options market.

MOVE

Summary

Laser Digital, Nomura Holdings Inc.'s digital-assets subsidiary, has hired three derivatives traders from Mike Novogratz's Galaxy Digital, including former head of Galaxy's derivatives division John Kim, vice president Celine Choi, and trader Luca Invernizzi. This strategic move underscores Laser Digital's expansion in the booming crypto options market.

Terms & Concepts
  • Crypto Options: Derivative contracts that give the holder the right, but not the obligation, to buy or sell cryptocurrency at a specified price before a certain date.
  • Derivatives Trader: A professional who buys and sells financial contracts whose value is derived from underlying assets such as cryptocurrencies.
  • Digital Asset Subsidiary: A division of a larger company that focuses on developing and managing investments or technologies involving digital currencies and blockchain-based assets.