Financial Industry News
With a 9,118% return on investment, a bitcoin options trade initiated in late October is trouncing some of the best currency market bets of the past 40 years by leaps and bounds. On Oct. 30, someone (a single trader or small group) bought 16,000 contracts of Jan. 29 expiry call options at the $36,000 strike […]
Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Continue ReadingIn the run-up to the 2017 market peak, stories abounded of traders who bought bitcoin in the spot market just a few months before only to cash out to the tune of hundreds of thousands, if not millions, of dollars. The days of tripling or quadrupling your money in just a week or two just […]
Continue ReadingWhile bitcoin’s rally over the past month has revived talks of its price reaching new record highs above $20,000 by the end of the year, the cryptocurrency’s options market continues to assign a very low probability of that scenario playing out. At press time, bitcoin was seeing a 6% probability of bitcoin trading above the […]
Continue ReadingA new trading product from Hxro (pronounced “hero”) and leading derivatives exchange FTX bets that retail cryptocurrency traders would play the options markets if only trading options were a simpler ordeal. In partnership with FTX, Hxro built its product TixWix to target a “global retail audience” of would-be crypto options traders by distilling complex market […]
Continue ReadingAs some bitcoin options traders bet on new all-time highs and another DeFi protocol is attacked, CoinDesk’s Markets Daily is back for your latest crypto news roundup! The Deribit exchange has seen a spike in investors buying the $36,000 December call option despite the market placing low odds on a new record high this year. […]
Continue ReadingGrowing institutional interest is helping to drive a recent spike in volume on Bakkt, according to its president, Adam White. But the U.S.-regulated crypto derivatives exchange is holding out hope its dormant options platform will eventually gain traction. Trading volumes for physically settled bitcoin futures on Bakkt rose to $134 million on Tuesday from a […]
Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
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Continue ReadingAfter the largest options expiry in history, bitcoin ended its fifth week of bouncing around the $9,000s price range. Bitcoin (BTC) was trading around $9,180 as of 20:00 UTC (4 p.m. ET), slipping almost 1% over the previous 24 hours. At 00:00 UTC on Friday (8:00 p.m. Thursday ET), bitcoin was changing hands around $9,300 […]
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