Deribit to Offer Daily Bitcoin Options
- The options will expire after two days of lising.
Crypto derivatives platform Deribit will offer a daily Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term index options to its client base.
Announced this week, the new trading instrument will be listed on February 3. With a set expiry after two days, the listing of the options will be scheduled every day at 8 am UTC.
Deribit also detailed that the strike price intervals will be $125 and will offer a range of around 5 percent around the ATM level.
“These short dated expiries are specifically interesting for investors and traders with a short term view based on for example macroeconomic data or events,” the announcement stated. “Deribit will work with its Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term to ensure that highly competitive prices are available on screen.”
High demand for crypto derivatives
Deribit’s new offering can be seen as its attempt to keep its client base intact in a highly competitive crypto derivatives market, mostly with the influx of established players.
After the launch of the Bitcoin daily options, the platform will offer derivatives instruments expiring in the range of one day to nine months.
Launched in 2016, Deribit offers digital asset futures, perpetuals, and options instruments. It dominates the crypto options market with a market share of close to 90 percent. Meanwhile, Bakkt is struggling with its Bitcoin options as the platform is seeing zero volume for a week.
It's been 10 days since the last option trade on Bakkt ? pic.twitter.com/1xYiylC8fr
— skew (@skewdotcom) January 28, 2020
Bakkt’s options came ahead of the launch of the same by CME Group earlier this month, which is also nowhere close to Deribit.
Meanwhile, the exchange is also under the process of moving its base from the Netherlands to Panama. The move was forced by the recently enforced Fifth Anti-Money Laundering Directive (AMLD5) regulations in the continent, which according to the exchange, will cripple crypto businesses.
Crypto derivatives platform Deribit will offer a daily Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term index options to its client base.
Announced this week, the new trading instrument will be listed on February 3. With a set expiry after two days, the listing of the options will be scheduled every day at 8 am UTC.
Deribit also detailed that the strike price intervals will be $125 and will offer a range of around 5 percent around the ATM level.
“These short dated expiries are specifically interesting for investors and traders with a short term view based on for example macroeconomic data or events,” the announcement stated. “Deribit will work with its Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term to ensure that highly competitive prices are available on screen.”
High demand for crypto derivatives
Deribit’s new offering can be seen as its attempt to keep its client base intact in a highly competitive crypto derivatives market, mostly with the influx of established players.
After the launch of the Bitcoin daily options, the platform will offer derivatives instruments expiring in the range of one day to nine months.
Launched in 2016, Deribit offers digital asset futures, perpetuals, and options instruments. It dominates the crypto options market with a market share of close to 90 percent. Meanwhile, Bakkt is struggling with its Bitcoin options as the platform is seeing zero volume for a week.
It's been 10 days since the last option trade on Bakkt ? pic.twitter.com/1xYiylC8fr
— skew (@skewdotcom) January 28, 2020
Bakkt’s options came ahead of the launch of the same by CME Group earlier this month, which is also nowhere close to Deribit.
Meanwhile, the exchange is also under the process of moving its base from the Netherlands to Panama. The move was forced by the recently enforced Fifth Anti-Money Laundering Directive (AMLD5) regulations in the continent, which according to the exchange, will cripple crypto businesses.