Bitcoin Futures market on CME began at the peak in its price on 18th December 2017. Almost two years after that, the market is now rushing towards launching options trading as well.
CME moves to launch the options market on its futures contracts as early as Monday, next week. Moreover, there are other big players in the crypto markets doing the same.
FTX is planning to launch options in the next 24 hours!
#OKExOptions: The much-awaited BTC/USD Options is NOW LIVE on OKEx 📢
We’ve also donated 150 BTC to the BTCUSD Options insurance fund minimize the risk of clawback. Happy trading!
— OKEx (@OKEx) January 9, 2020
The options contracts are similar to futures market except the invariability in time of closing of the contracts increases the amount of speculation on the asset.
The launch of the regulated futures market marked the end of the bull run in 2017. Nevertheless, currently, the price is at the brink of another
While the immediate effect on price can be arbitrary, the launch of options across various platforms at the same time signal growth of crypto assets.
LedgerX Co-Founder, Zach Dexter also tweeted after recently re-joining the management team that,
@ledgerx will recommit to the core platform experience, focus on launching additional derivatives products and tradable assets, and drive retail adoption by letting our customers do more with bitcoin on mobile and on the platforms where they already trade
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