Clear Street Goes 24/6 — And Partners With STS Digital | Bob Rutherford & Maxime Seiler

Summary

Clear Street Digital CEO Bob Rutherford and STS Digital co-founder/CEO Maxime Seiler discuss their new partnership to power Clear Street's digital asset offering with STS Digital's crypto derivatives and options market-making. They argue TradFi and crypto are converging toward 24/7 trading, tokenized Treasuries, and cross-asset margin. They also address the divergence between weak token prices and rising institutional adoption, with specific observations on Bitcoin, altcoins, Hyperliquid, and crypto options.

• Clear Street announced its STS Digital partnership and 24/6 trading across asset classes.
• STS Digital is a principal crypto derivatives dealer quoting options on over 400 digital assets, built for institutional demand.
• Maxime sees clear demand for tokenized T-bills, tokenized Treasuries, and yield-bearing dollar instruments.
• Bitcoin futures basis has compressed toward risk-free, ending the easy 20-30% cash-and-carry returns.
• Maxime frames current conditions as institutional summer versus crypto winter, with altcoin prices lagging technology adoption.
• Bob says successful projects like Hyperliquid show real value reflected in token prices.
• On Bitcoin's bounce, Bob says price reflects industry progress; Maxime sees a potential floor and favors options because volatility is low.