options

Virgin Galactic Stock Is Skyrocketing, Will Take Bitcoin to Shoot You Into Space

</header> <strong>Virgin Galactic is one of the leading ventures in the emerging private space race alongside companies such as Spacex. However, it is being compared now mostly to another Elon Musk creation – Tesla. This is because Virgin Galactic stock is skyrocketing as traders rush in to bet on the futuristic promise of space tourism. …

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Derivatives Exchange Deribit Launches Daily Ether Options

Panama-based cryptocurrency derivatives exchange Deribit has listed daily options on ether (ETH). The platform announced the news on Twitter on Monday. The new product will have strike price intervals of $5 and can be traded in the 24 hours preceding the expiry at 08:00 UTC every day. They will have a lifetime of two trading …

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Options Protocol Brings ‘Insurance’ to DeFi Deposits on Compound

Trustless insurance has arrived on decentralized finance (DeFi). At least on the Compound protocol, the collateralized lending platform that runs on ethereum.  The new product, from a company called Opyn, allows people to take out options on stablecoin deposits, allowing users to hedge against the risk of a catastrophic event wiping out Compound’s books. “You …

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Options Growth Will Ignite Innovation in the Bitcoin Market – But Not in the Way You Think

Richard Rosenblum is co-founder and co-head of trading at crypto liquidity provider GSR. The opinions below are the author’s and do not reflect the position of CoinDesk. Like futures, the launch of bitcoin options on major exchanges has been met with anticipation. Hopeful observers believe the CME’s and Bakkt’s entry into the burgeoning options market …

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Deribit Takes On New Trading Tools to Capture ‘Exploding’ Options Market

Amid increasing activity within the crypto derivatives market, software maker Trading Technologies (TT) announced Wednesday it would provide trading tools to users of leading crypto exchange, Deribit. Included in the suite are advanced order types, charting and analytics as well as access to a feature allowing users to create algorithms for bot trading. TT users …

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Bitcoin Futures Hit 3-Month High in Frenetic Tuesday Trading

</header> <strong>January 14 was the best trading day of the year for many cryptocurrencies, which saw double or even triple-digit percentage gains. It was also a good day for futures markets, where more than $25 billion in trades was placed on Tuesday. The result constituted the busiest day for futures in almost three months, with …

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Market Outlook: Bullish Trend Sends Crypto Prices Northwards

</header> <strong>Digital currency markets are seeing significant gains this week as the entire market capitalization gained $28 billion in the last seven days. Moreover, trade volume has spiked to a massive $100 billion and during the last 24 hours, numerous digital assets have gained between 3-48%.</strong> Also read: Close to 11 Million BTC Haven’t Moved …

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Ride ‘Em, Cowboy: Bitmain’s Marketing Gambit Ups Its Texas-Sized Position on Bitcoin

It’s possible the company sold bitcoins in the cash or futures markets, as options traders often do. Given market prices, the time to expiration and the market’s expected volatility, the company would only have to sell just 7.4 bitcoins for every 62 options it gives away to be effectively hedged. If it expects to sell …

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Bakkt Announces Bitcoin Options After Record-Breaking Futures Volumes

<header class=”article__header”> </header> <strong>On October 23, Bakkt’s physically-settled bitcoin futures contracts touched an all-time high with 640 <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> ($4.8 million) swapped on the exchange. Coincidentally, the futures action started after <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> prices plummeted to $7,365 across global exchanges. After the record-setting day, Bakkt CEO Kelly …

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