Alt-Options Launches Bitcoin Derivative Market

Open interest for Bitcoin options almost touched $6 billion. Amid an ongoing bull run of Bitcoin (BTC), Bitcoin options are hitting a new historical milestone. Bitcoin options are derivative contracts that grant the holder the right, but not the obligation, to buy or sell BTC at a predetermined price.According to data from Skew, Bitcoin options volumes crossed $1 billion on Dec. 16. Skew announced the news Thursday on Twitter, noting that Bitcoin options saw its “first $1 billion day.”Deribit, a major global crypto futures and options exchange, had the largest BTC options volume on the day....

Bloomberg reported on Monday that Goldman Sachs has begun trading a sort of derivative linked to Ethereum. Goldman Sachs Launches Derivative Product As a torrent of institutional money entered the market in 2021, the investment bank relaunched its crypto activities, with the core of its services focusing around derivatives tied to cryptocurrencies like bitcoin. Goldman […]

For years, the cryptocurrency industry has had a complicated relationship with regulators. An example of regulatory pushback within the crypto space was when Facebook-backed Diem tried to launch its stablecoin. Regulatory limitations have undoubtedly had an impact on derivative brokers and exchanges. Just recently, Binance, one of the biggest exchanges, was forced to shut down crypto derivatives in several countries, including Germany, Italy, and Hong Kong. Since this announcement, derivatives traders have been on edge about what this means for the derivatives market and, most importantly,....

In the past few years, crypto derivative trading has taken off. There is another way to buy and hold cryptos that have appealed to traders who want to make the most out of price movements by using leverage. However, there are risks associated with CFD trading, especially when it comes to cryptocurrency. In 2021, large exchanges had to cease operations due to regulatory issues leaving crypto derivatives traders with no place to trade. That’s where Eightcap, a multi-award-winning regulated CFD broker stepped in, with a fresh offering that stood out for its extensive range of crypto....

A record number of Ether options is set to expire on June 25 as ETH looks to BTC to reverse its price momentum. Ether (ETH) faces its largest options expiry ever on June 25 as nearly $1.5 billion out of $3.3 billion notional open interest (OI) in ETH options will expire. June’s expiry has over 638,000 ETH options contracts in its purview, accounting for 45% of the total open interest in these options.Although it’s the largest options expiry in the history of the derivative product, the open interest in ETH options OI hit its all-time high of nearly $5.5 billion on May 20 soon after ETH had....