Why Buy-Side Deserves Transparent Derivatives Pricing
In any mature market, price transparency is a baseline expectation. It enables fair execution, reduces information asymmetry, and creates accountability. Yet in crypto derivatives — especially OTC — transparency remains the exception, not the rule.
Most trades still happen bilaterally, negotiated over chat, with pricing derived from dealer-run models and little visibility into broader market conditions. For many buy-side participants, this means navigating quotes without knowing if they reflect competitive market levels, or simply what a single counterparty is willing to offer.
This isn't just inefficient — it's a structural disadvantage.
Information Asymmetry Is Not a Feature
In traditional finance, post-crisis regulation pushed for greater transparency in OTC markets. Multi-dealer platforms emerged as a response, ensuring that price takers could see competing bids and make informed decisions. Crypto is still catching up. Today, hedge funds, asset managers, DAOs, and corporates often operate in the dark — relying on relationships, screenshots, and trust rather than standardized processes and observable pricing. This imbalance limits effective risk management and makes it harder to justify execution quality to internal stakeholders, investors, or auditors.Multi-Dealer Is the Transparency Layer
At CoinMatch, we believe transparency doesn't have to come at the cost of liquidity. Our platform allows buy-side traders to request quotes from multiple dealers simultaneously, view them side by side, and execute on the best available terms — all in a single workflow.
Market makers remain critical in this process. Their willingness to quote competitively, and do so within a transparent framework, is what drives price discovery forward. By shifting the venue, not the participants, we create a healthier, more efficient market for everyone involved.
Transparency isn't about undermining relationships — it's about strengthening them on a foundation of fairness and visibility.
The buy side deserves better. We're here to deliver it.