Deribit is launching BTC and ETH options expiring on November 8, 2024, ahead of the US presidential election.
This move aims to cater to investor strategies anticipating market movements tied to the election, scheduled for November 5.
The top derivatives exchange announced on social media that these early options will allow clients to speculate and hedge positions in response to potential election outcomes. Trading begins at 8 AM UTC on July 18 to facilitate strategic positioning.
Deribit has been a dominant force in the crypto derivatives market, contributing significantly to the $51.1 billion Bitcoin options trading volume, with over $2 billion in open interest in recent trading periods.
This initiative adds election-related options to its diverse array of trading products developed to meet client demands.
The introduction of election-themed options aligns with a broader trend in blockchain-based political finance, enabling global participation in US election events.
This includes platforms like Polymarket, where users can engage in prediction markets on election outcomes amidst heightened market interest following recent political developments.
Solana (SOL) has gone down by 6% in the past week and although the token has recovered in the past 24 hours, technical indicators favor a bearish outlook. Trading volumes have gone up by nearly 18% as bulls managed to reverse an early sell-off during the Asian session. However, meme coins, an important segment of […]
Metaplanet is aggressively expanding its Bitcoin holdings through an unconventional $5.4 billion capital raise, positioning itself as a leading BTC proxy in Asia.
A growing number of publicly traded companies are turning to XRP as a potential reserve asset, signaling a shift in how institutions view the utility of digital assets in treasury management.
BlueBird Mining Ventures, a London-listed firm traditionally focused on gold, is making headlines after announcing it will liquidate its gold reserves and begin accumulating Bitcoin as a treasury asset.