Crypto Derivatives Exchange FTX Started Bitcoin Trading Options
Cryptocurrency derivatives exchange FTX began trading options for Bitcoin (BTC) on Jan 11. Let’s check to Crypto Derivatives Exchange FTX Started Bitcoin Trading Options.
FTX CEO Sam Bankman-Fried announced yesterday in a tweet that the trading platform had listed the options. Also, he reported that options trading volume on the exchange exceeded $1 million in about 2 hours later that same day.
While the announcement does not clarify which crypto assets are supported by the options that have just been released on the platform, the website shows only options based on bitcoins. FTX is the eighth largest volume-based crypto-asset exchange, with $277.8 million traded over the last 24 hours, according to CoinGecko’s cryptocurrency data website.
FTX was founded in early 2019 and offers professional derivative trading products, including quarterly and perpetual contracts for various crypto assets, leverage tokens and OTC services. There has also been a recent investment from major crypto exchange Binance to the trading platform.
Crypto-currency derivatives are seeing an increasing frequency of positive developments. A cryptocurrency exchange based in Malta, OKEx announced it will launch the crypto options trading at the end of last month. Also, a Paris-based asset management firm Napoleon AM has announced the launch of a regulated Bitcoin fund in mid-December.
Therefore, the international regulatory framework is becoming ever simpler and more favourable. For example, the South Korean Presidential Committee on the Fourth Industrial Revolution recently recommended that the government allow financial institutions to start financial products based on cryptocurrency.
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Published at Mon, 13 Jan 2020 15:08:44 +0000