Genesis Volatility

Genesis Volatility, established in January 2020 by co-founders Greg Magadini and Pat Doyle, operates as a specialized analytics platform for the cryptocurrency options market. The company emerged from the founders' recognition of a need for sophisticated options analytics within the burgeoning digital asset space in late 2019. Magadini, a former proprietary trader with nearly 15 years of experience in options, and Doyle, a developer and data scientist, combined their expertise to address this market gap. Their journey into the crypto space began years earlier, with Magadini researching Bitcoin in 2012 and introducing Doyle to Ethereum in 2015.

The firm provides a suite of analytical tools designed for institutional traders, helping them to identify opportunities, manage risk, and formulate effective trading strategies. The platform analyzes a wide array of data from major exchanges like Deribit, Bit.com, LedgerX, and Binance. Key metrics analyzed include implied and realized volatility, open interest, volume, and block trades. Its products offer features such as volatility skew (smile) and term structure charts, which help traders assess market pricing and identify potential mispricings in options across different strike prices and expiration dates. The service is aimed at a niche market of sophisticated crypto traders, including institutional clients, hedge funds, and professional market makers like Galaxy Digital and Blocktower.

The company's business model is rooted in providing subscription-based access (SaaS) to its cloud-based analytics software. Before its acquisition, Genesis Volatility successfully raised $3 million in funding from investors including Delphi Digital, LedgerPrime, and Nascent. In a significant milestone, the company was acquired by Amberdata, a provider of digital asset data, on October 25, 2022. This acquisition was intended to enhance Amberdata's derivatives data offerings and expand its capabilities into DeFi options protocols. Following the acquisition, Greg Magadini assumed the role of Director of Derivatives at Amberdata.

Keywords: crypto options analytics, volatility modeling, derivatives data, institutional trading, financial software, Greg Magadini, Pat Doyle, Amberdata, Deribit, crypto risk management, options trading strategies, implied volatility, realized volatility, open interest analysis, block trades, volatility skew, term structure, DeFi options, institutional crypto, digital asset data, financial analytics