Options and Future Trading Plays Vital Role
In the past few months we have been witnessed some popular exchanges like OKex, gate io and more.
Here is the proof why options trading getting demand, As published in Bitcoin Market Update: BTC/USD may retest 2020 high as options trading volumes skyrocket,
Bitcoin (BTC) settled below $11,000 after a short-lived spike above $11,400 on Monday, July 27
According to the data provided by Intotheblock, 91% of all Bitcoin holders are making money at the current BTC price. It means that over 28 million BTC addresses contain coins purchased below the current price. Meanwhile, the 30-day volatility jumped above 31% from the record low of 15%.
The price rally is driven by a combination of technical and fundamental factors. Thus, the average daily trading of Bitcoin options of Deribit hit $539 million, which is more than double the previous record high. The Panama-based trading platform for cryptocurrency derivatives reported that over 47 contracts for bitcoin options traded in a single day on Monday.
Bitcoin futures are also in demand. Bakkt reported that over 11,700 Bitcoin futures contracts had been traded on Tuesday, which is also the highest number on record.
Source : http://www.fxstreet.com
So, by witnessing the demand for options trading and futures trading may exchanges started to introduce it.
If you are looking to know more, explore the guide to cryptocurrency options trading here.