Read the success stories of crypto entrepreneurs.

Discussions are fun when we are part of a community.
Login Free Registration

Get 10 AltcoinN Points just by registering on this forums.


Deribit Exchange Launches Ethereum Daily Options After Success With Bitcoin Contracts

SourceOriginal
#1
Bitcoin Exchange Guide

 
Exchanges
Deribit Exchange Launches Ethereum Daily Options After Success With Bitcoin Contracts
By Oana Ularu- February 17, 2020
Deribit Exchange Launches Ethereum Daily Options After Success With Bitcoin Contracts
The Deribit Exchange specializing in crypto derivatives has launched daily Ether (ETH) options, an announcement from Monday and made on Twitter says.


Deribit
@DeribitExchange
Our #Ethereum daily options are launching today at 12:00 UTC

View image on Twitter
37
10:03 AM - Feb 17, 2020
Twitter Ads info and privacy
See Deribit's other Tweets

 
The strike price intervals for the new product will be $5. Their expiring date will be every day at 08:00 UTC, so traders will only have a window of 24 hours for trading. As far as their trading lifetime goes, this will be 2 days when introduced. Starting with February 19, Deribit will also scale back the tick size for all options, said Andras Caron, Deribit’s CMO. This means the size will be cut back from 0.001 ETH to 0.0005 ETH.

Deribit Volumes Raised Considerably as a Result of ETH Prices Increasing
Deribit also launched longer duration options settled in cash, in late March of last year Ever since, it has traded a $1.9 million average daily volume. The exchange’s volumes have risen considerably when the ETH prices have increased, so on February 13, Deribit had a record volume of $13 million in 1 day. ETH has recently reached its 7-month $290 high and gained almost 100% until now, for this year. The derivatives space has been very heated in the last few months, seeing huge names such as Intercontinental Exchange’s Bakkt and Chicago Mercantile Exchange (CME) have launched options on Bitcoin (BTC).

Deribit Remains a Leader in Options Volume
Deribit is based in Panama and continues to remain superior as far as options volume. According to Skew, Deribit has handled almost ninety percent of the worldwide volume since January 28.  Deribit's launch of the daily ETH options arrives just 2 weeks after the daily BTC options went live. This is what Caron had to say about what daily options have to offer users:

“DAILY OPTIONS ONLY HAVE ONE OR TWO DAYS REMAINING LIFETIME AND THUS LOWER TIME VALUE OR PREMIUM AND THUS [ARE] CHEAPER. THESE SHORTER-DATED, CHEAPER OPTIONS ARE GREAT INSTRUMENTS TO USE FOR SHORT TERM STRATEGIES ENABLING THE TRADER TO HEDGE EVENTS OR BENEFIT FROM EXPECTED SHORT TERM MOVES.”

Previous Review
Central Bank of Russia Proposes Amendments To Legal Framework for Tokenization
Oana Ularu
Oana Ularu
Curious about what’s going on with all the money in the world, Oana is bringing you the latest news in the crypto world. She’s aware of the fact that you need to know everything that’s happening on the financial scene in order to play the cryptocurrency market, so you can count on her to share with you every little detail on what matters.

 
Latest Crypto News
Derivatives Exchange Deribit To Roll Out Daily Bitcoin Index Options Trading
Derivatives Exchange Deribit To Roll Out Daily Bitcoin Index Options Trading
February 2, 2020
Deribit Crypto Derivatives Exchange Moves Operations to Panama in Response to EU’s 5AMLD
Deribit Crypto Derivatives Exchange Moves Operations to Panama in Response to...
January 10, 2020
Derivatives Exchange Deribit And Mudrex Partner To Give Investors Curated Trading Strategies
Derivatives Exchange Deribit And Mudrex Partner To Give Investors Curated Trading...
November 22, 2019
NO COMMENTS
LEAVE A REPLY
Comment:
Name:*
Email:*
Website:
Save my name, email, and website in this browser for the next time I comment.

Bitcoin Exchange Guide
ABOUT B.E.G.
Bitcoin Exchange Guide is a hyperactive hybrid of heavy-handed cryptocurrency content curation creators from christened community contributors who focus on delivering today's bitcoin news, cryptoasset user guides and latest blockchain updates
Reply