The Market That Moves Faster Than Anything You’ve Ever Traded

The most honest thing Cory Paddock says about power trading is also the thing that explains why the opportunity still exists. Asked how volatile his market is, the co-founder of GBE Energy doesn’t reach for a hedge fund euphemism. “Roughly 10x crypto,” he said, speaking on the Open Interest series from Top Traders Unplugged — and to be clear, he means that as a warning about power, not a compliment to crypto.

The volatility isn’t the kind you see in a daily chart. It’s what happens in this five minutes versus the next five, whipping back and forth as a grid operator scrambles to keep supply matched with demand. “The power has to flow, the lights have to stay on,” Paddock…