Nithin Kamath warns Crypto F&O may trap traders in dabba trading-like scam
Zerodha co-founder Nithin Kamath warned that crypto futures and options (F&O) could trap investors in a "dabba-trading-like" scam, urging caution. He stated that crypto-derivative exchanges operate in a "regulatory limbo" with no safeguards if something goes wrong. He added that such platforms often act as your counterparty, meaning it's good for the platform if the customer loses money.