Deribit Exchange Raises Maximum Bitcoin Options Strike Price to $400K

A week ago last Thursday, Deribit made newsby introducing call and put options at the $100,000 strike price.

Last week, ethereum options volume surpassed bitcoin’s for the first time on the digital currency derivatives exchange Deribit. Further, the trading platform recently introduced a $50k ETH strike for March 2022 and explained the $50k call is “gaining immediate buy traction.” Ethereum Options Volume Grows Exponentially, $50K Strike Flexes Muscle When it comes to bitcoin (BTC) derivatives, the trading platform Deribit captures the lion’s share of today’s options volume. The cryptocurrency exchange also features bitcoin futures and ethereum options as well.....

Options at a $40,000 strike price expiring in March 2021 and June 2021 went live on Deribit early on Friday

Bitcoin derivatives markets have been seeing significant demand in recent months at the same time bitcoin spot markets climbed to all-time price highs and surged 149% during the last three months. Just recently the leading bitcoin options exchange Deribit announced the launch of both $120k and $140k strikes, and data from skew.com shows some June futures are swapping for $30k. Crypto derivatives have been hot in 2020, as demand has skyrocketed on various trading platforms this year. At the end of November, CME Group outpaced the competition and became the world’s largest bitcoin....

Bitcoin derivatives trading is on the rise; one platform is letting traders bet on a $100,000 BTC moonshot by Sept 2021. As of Thursday, Deribit users can bet on the flagship cryptocurrency reaching $100,000 via options contracts that expire on Sept. 24, 2021. The lofty strike price was established following a surge in daily trade volumes. In options trading, a strike price is the value that a derivative contract can be bought or sold when it's exercised. Deribit processed 754,123 BTC options contracts in November, according to marketing material that appeared on Twitter Thursday. The....