FxWirePro: BTC skyrockets the pace on the brink of derivatives market developments

Let’s just know as to how the Bitcoin price (or any other cryptocurrencies) seems to have exceeded the expectations briefly for the first time in this week before we proceed further with “why” it has shown such a movement; however, this comparison is completely arbitrary at some cases.

In the current quarter, bitcoin prices against dollar almost surged to a whopping all-time high of $14,110 mark as per Coinbase (while articulating), the bullish momentum remains intact. It has spiked from the lows of $4,137 in the month of October to the current $14,110 levels, a whopping 241% rise in this quarter.

By this monstrous spikes, many analysts perceive this has created an asset bubble and bidding for a crash.

While CME and CBOE are in the news to intensify the BTC price rallies, Betex is now announcing the decentralized derivatives trading wherein it allows binary options trading at its initial period. As an innovative peer-to-peer platform, Betex is bringing a new module to trade financial derivatives meaning the mechanism of these derivatives is built on Etherium smart contracts.

The platform consents users to stake on a future flexibility against each other and provide access to real-time data. Significantly, BETEX is defined by absolute transparency and the resolution of trust issues.

Built on Ethereum smart contracts, BETEX is reinventing the financial market derivatives and condense the risk concerning the number of users and brokers.

Complete access to real-time data which results in full transparency, accuracy and the similar mechanism for everyone involved in the process. However, the platform facilitates user to bet on future changes, but the company itself is not at all involved in betting. BETEX only gets service fees from the result of betting.

Oleg Torkhov, CEO of Betex mentioned, “Our mission is to bring unprecedented transparency to the derivatives’ market, as well as develop the new derivatives, which won’t leave any chances for the old shady trading instruments to existing. All transactions would be widely accessible for any checks. No one, including the platform, would be allowed to influence the process.”