Flash Boys in the Crypto Cloud
What Goes Up - A podcast by Bloomberg
![](https://is3-ssl.mzstatic.com/image/thumb/Podcasts112/v4/60/34/8a/60348aa6-a474-70c0-42ca-901ae106205b/mza_4508019449010062475.jpg/300x300bb-75.jpg)
Categories:
Institutional investors are playing a more-influential role in crypto markets as retail traders retreat, and that explains much of the recent range-bound price action, according to Michael Safai of proprietary trading firm Dexterity Capital. “We might have been playing checkers two years ago,” said Safai, whose firm traded more than $1.2 trillion in crypto last year. “We’re playing chess now.” Safai joined the What Goes Up podcast this week to discuss the state of the digital-asset market and how high-frequency crypto trading strategies differ from the famous “Flash Boys” of the stock market. See omnystudio.com/listener for privacy information.