Complex derivatives trades are often as opaque as they are impressive, especially in a world of near-zero TradFi yields. Sudhu Arumugam, co-founder of crypto derivatives exchange and yield platform CoinFLEX, offers a peek behind the curtain of his firm’s operations, as Arumugam walks Real Vision’s Ash Bennington through the arbitrage strategies offered by CoinFLEX. Arumugam also discusses the evolving regulatory environment in light of the Biden administration’s new “whole of government” approach to crypto. Ultimately, as Arumugam sees it, regulation is bullish because it will catalyze institutional adoption like nothing else before it. Recorded on March 9, 2022.