---
title: AD Derivatives Podcast Feat Hendrik Ghys, Co-Founder of Thalex
description: In this episode, we speak with Hendrik Ghys of Thalex to chat through his career in crypto, economics of a crypto exchange, Thalex's offerings & much more.
---

[Amberdata Blog ](https://blog.amberdata.io)

# [AD Derivatives Podcast Feat Hendrik Ghys, Co-Founder of Thalex](https://blog.amberdata.io/ad-derivatives-podcast-feat-hendrik-ghys-co-founder-of-thalex)

 Written by [Greg Magadini](https://blog.amberdata.io/author/greg-magadini) | Jun 27, 2023

**Welcome to the AD Derivatives podcast led by Director of Derivatives; Greg Magadini.     Featuring: Hendrik Ghys, Co-Founder of Thalex **

 

In this episode, host Greg Magadini speaks with Hendrik Ghys, Co-Founder of Thalex. We journey into Hendrik's career in Crypto, including his experience valuing Bitstamp for acquisition. We talk about the economics of a crypto exchange as well as the option like pay-off this type business implicitly resembles.

We chat about the features that Thalex offers, such as "delta-one rolls" and how this type of innovation can create liquidity. We also discuss the crypto vol. landscape and some of the players in the space.

Thalex is a new derivatives exchange offering perpetuals, futures and future options on both BTC and ETH.

You can view instruments, risk management tools, and Thalex's crypto options activity on the [Amberdata Derivatives App](https://pro.amberdata.io/?hsCtaTracking=bfd08cfd-ba29-4c7e-b5f6-080b943db72e%7C2326efbd-d1f8-46b3-9582-6c9f147e22fc).

Visit Thalex App: [https://www.thalex.com/ ](https://www.thalex.com/)

Thalex Twitter: [https://twitter.com/ThalexGlobal](https://twitter.com/ThalexGlobal)

[View full post](https://blog.amberdata.io/ad-derivatives-podcast-feat-hendrik-ghys-co-founder-of-thalex)

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