According to Andrei Grachev, co-founder and managing partner of cryptocurrency market maker and investment firm DWF Labs, significant progress has been made in over-the-counter derivatives trading. They can build various financial products based on the needs of their counterparties.

Sometimes, their trading accounts receive spot assets, like LQTY today, but they have no trading agreement or market making transactions with LQTY yet. However, they have done a lot of work in options trading.