When Larry Tesler died in 2020, computer users across the world mourned a scientist who had made their lives a whole lot simpler. His most celebrated innovations were the “cut”, “copy” and “paste” functions that allow text to be duplicated across multiple documents. And some of the most avid users of those functions can currently be found in the world of crypto derivatives.

It all started when crypto-native firms began looking into trading over-the-counter derivatives and realised they had a