Feathers Of Cryptocurrency Derivatives Avenue Expand As FTX Unveils Bitcoin Options Trading

Of late, Crypto-derivatives markets are evolving as couple of start-ups as well as some regulatory bodies come-up with various futures, options and swap products for cryptocurrencies.

Binance’s strategic partnership leads to investment flow to acquire minority stake in Crypto-Derivative Exchange, ‘FTX’, their M&A deal between ‘Binance and Indian crypto-exchange WazirX’ have kept them in limelight.

While OKEx unveiled their XRP perpetual swaps in early December, and the renowned cryptocurrency derivatives exchange ‘FTX’ has had them since the exchange’s launch in 2019.

For now, FTX is lined up for options trading facility for Bitcoin (BTC). Yesterday, the CEO of FTX, Sam Bankman-Fried announced that options were listed on their trading platform.

He, furthermore, continued with a twitter handle on that day stating their options trading volume on the exchange hits $1 million in just about 2 hours.

Currently, FTS derivatives platform offers wide range of crypto-derivatives products, such as, Bitcoin futures and options, BTC perpetual futures, Bitcoin cash perpetual futures, Ethereum classic perpetual futures, & so on.

FTX, crypto-derivatives exchange, has been established in early 2019 and offers professional derivative trading products, including quarterly and perpetual contracts on various crypto assets, leverage tokens and over-the-counter (OTC) services. They had rolled out the trading facility for Perpetual Futures on BiLira also, a Turkish Lira-pegged stablecoin released back in October 2019. The launch of BiLira Futures indicates a better distribution of its token across fiat-to-crypto platforms, bringing in more investors to the crypto-space.