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Cryptocurrency Derivatives Series: Bitcoin Disrupts Double Top Formation & Rebounded To 9.5k – Uphold Long Hedges
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Cryptocurrency Derivatives Series: IE Option To Push Crypt-Option Trading Using BTC Bonus Scheme
We are witnessing the constructive developments in the cryptocurrency derivatives market on the back of bitcoin’s bullish price action, the underlying BTC price has reclaimed $6.5k levels.
Crypto-derivatives marketplace has seen both regulatory players like CME, Bakkt which is ICE backed. Whereas various OTC players like Binance, BitMEX & OKEx, are also well equipped with crypto-derivatives products such as options, futures and perpetual swap products. FTX recently announced options trading facility for Bitcoin (BTC).
But for now, the London-based, IE Option provides options trading mechanism for cryptocurrency derivatives products. The company has officially unveiled 2-BTC deposit bonus campaign for all deposits since March 2020.
Such promotional activity is upgraded from a First Deposit Promotion which offers a bonus to first time deposits in the past. But from now on, every deposit over 2 BTC can get 4 BTC back. If lower, a 1 BTC deposit gives you 1.8 BTC in the balance. The bonus can be traded like real bitcoin and its profit can be withdrawn.
During the bullish market sentiments where we can observe the upside price traction. The bulls are the key players in the bull market. As they suppose this term was taken because the ascending chart reminds the bull horns raised up.