Conversely, narratives around open finance - decentralized financial products built on the blockchain - have also gained attention. This begs the question; how much will open financial products need to sacrifice to compete with the emergence of institutional products for digital assets? Centralized exchanges are making plays in the derivatives and futures markets for Bitcoin, and eventually other digital assets. Morpher, an early-stage trading platform backed by Draper Associates, wants to virtualise the trading process. Decentralized finance proponents believe otherwise, but right now the question is how much will open financial projects need to reconcile their ambitions, for a truly open financial system to compete with the services offered by traditional institutions.

Source: Forbes May 22, 2019 07:43 UTC