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On April 13, 2023, the London Stock Exchange’s LCH division, a clearing house group serving major international exchanges and a wide range of over-the-counter (OTC) markets, announced its plans to offer clearing of bitcoin index futures and options contracts traded on GFO-X. Frank Soussan, the business lead at LCH Digital
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“Bitcoin index futures and options are a rapidly growing asset class,” Frank Soussan, Head of LCH DigitalAssetClear, said in a statement, citing “increasing interest among institutional market participants looking for access within a regulated environment they are familiar with.” Source
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The latest price moves in bitcoin (BTC) and crypto markets in context for April 10, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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Bitcoin's (BTC) 43% rally between March 10 and March 20 surprised options traders and this is proven by the minimal14% of the $1.12 billion open interest set to expire on April 7 being placed at $28,000 and higher. The positive price movement can be partially attributed to an increase in commodity
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Options are derivative contracts that give the purchaser the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. A call option gives the right to buy, a signal the holder has a bullish stance, while a put
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The leading cryptocurrency by market value slipped by 1% to $27,546 during European hours having failed to keep gains above $29,000 on Thursday, CoinDesk data show. At 08:00 UTC, Deribit, the world's largest crypto options exchange by trading volumes and open interest, settled bitcoin options worth over $4 billion. Source
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Regulation continues to be the primary concern for Bitcoin bulls, especially after the Commodity Futures Trading Commission (CFTC) sued Binance for trading and derivatives law violations. The regulator wants Binance to repay the trading profits, revenues, salaries, commissions, loans and fees it received from US citizens, as well as paying
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At press time, the quarterly expiry on dominant crypto options exchange Deribit comprised 81,052 call options worth $2.24 billion and 60,261 put options worth $1.73 billion, according to data from Amberdata. Deribit, which accounts for almost 80% of the global crypto options activity, will settle the quarterly options at 08:30
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Bitcoin’s (BTC) 17.5% rally between March 16 and March 22 surprised options traders betting on price levels below $26,000. The movement resulted from investors seeking protection against persistent inflation and the ongoing banking crisis.Bitcoin bulls have been paying close attention to the negative effects of near-zero interest rates between April
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The rejection that followed Bitcoin's (BTC) rally to $26,500 may appear to be a victory for bears, but $24,750 on March 14 was the highest daily close in nine months. Furthermore, Bitcoin has gained 26.5% since March 10, when the California Department of Financial Protection and Innovation shut down Silicon
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