Malta-based cryptocurrency exchange OKEx rolled out option contracts on Ethereum’s ether (ETH) token on Thursday, ending the Panama-based Deribit’s virtual monopoly in the space.
Option traders look to be placing bets for a continued upward move in bitcoin.
Derivative contracts on ether are more popular than ever, as evidenced by record open positions in options listed on the Panama-based derivatives exchange Deribit.
Bitcoin futures have seen rising premiums throughout the past week, pointing to a large spike in demand for long-favoring positions amongst traders.
The post Bitcoin futures premium spikes as traders flip long; factors to consider appeared first on CryptoSlate.
The derivatives desk will expand the company’s suite of products as it aims to attract more institutional clients to its newly acquired prime brokerage arm.
After first launching Bitcoin futures products in late-2017, the CME has been garnering massive adoption amongst BTC traders and investors in recent times.
The post Bitcoin options on the CME are seeing surging popularity; here’s what this could mean appeared first on CryptoSlate.
Open interest in bitcoin options listed on the Panama-based exchange jumped to a record $1 billion Tuesday, according to data from Skew.
Noelle Acheson picks apart trends in global interest and trust in crypto asset technology, and revisits the growing financialization of bitcoin mining.
The introduction of Bitcoin futures to the CME has given professional traders, leveraged funds, and institutional investors a great gateway to gain exposure to the benchmark crypto. Prominent investors like Paul Tudor Jones have already admitted to using futures to gain long-term exposure to the benchmark digital asset, and watching the trends seem surrounding volume […]
The post The CME is capturing a major share of the crypto market as institutional presence grows appeared first on CryptoSlate.
The anemic price action surrounding bitcoin’s third halving has led to head-scratching over why the cryptocurrency didn’t moon. One possibility: Derivatives are bringing more price discovery.