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Bitcoin’s option market continues to grow, signaling an increased influx of sophisticated traders and institutions into the crypto space.Open interest (or open positions) in options listed on the Panama-based Deribit exchange jumped to a record high of $1 billion Tuesday, according to the data provided by the crypto derivatives research firm
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Bitcoin’s (BTC) options markets are finally taking off at CME. This week Cryptox reported that the combined volume traded over the last ten days surpassed $140 million, as institutional investors delved in call options.The buyer of a call option can acquire Bitcoin for a fixed price on a predetermined date.
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Open interest on Chicago Mercantile Exchange Bitcoin options has skyrocketed over the past few days, to hit $142 million as of May 15.According to data from market analytics company, Skew, this represents a gain of over 1000% from just $12 million of open interest at the end of April.Bitcoin halving
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Neobanking service provider Bitwala on Thursday introduced a new account that offers its 80,000 European customers passive bitcoin (BTC) income.The Bitwala Interest Account allows users to earn up to 4.3% interest per annum for BTC held at the bank.According to the Berlin-based company, account holders can buy bitcoin at
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A report claims that negative interest rates present Bitcoin (BTC) with a unique opportunity.The May 14 report, published by Stack Funds, stipulates that if the interest rates in the U.S. turn negative in the near future, it will force market participants to look for alternatives to traditional assets. This could
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Bitwala, a Berlin-based crypto-friendly bank, has joined forces with Celsius, a leading crypto lending platform, to offer its clients up to four percent annual interest on their Bitcoin (BTC) holdings. With the innovative initiative, Bitwala has become the first-ever traditional bank to offer users interest on their crypto holdings, according
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Having recently gone through the third halving, one of the most important events in the ecosystem, Bitcoin (BTC) continues to establish itself as a new asset class and a worthy contender to gold as a new store of value for the digital age. Having seen a dip in price from
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Bitcoin has ended a four-day losing trend and is trading steady around $9,000 amid rising speculation the U.S. could eventually adopt negative interest rates.The top cryptocurrency by market value rose nearly 3% on Tuesday, having suffered losses in the preceding four day – the longest daily losing run in over
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Bitcoin futures contracts allow traders to take advantage of the price movement of Bitcoin without necessarily having to own and hold the exact amount of it. They are a derivative product that gained serious popularity in the past years. Traders often use Bitcoin futures open interest as an indicator to confirm trends and
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With a few hours and less than 40 blocks to 2020 Bitcoin halving, CME Group says the record trading activity for its Bitcoin derivatives reflects a strong institutional interest before the halving event.With miners remaining to solve less than 40 blocks before the 2020 Bitcoin halving, the Chicago Mercantile Exchange
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