After a quick dip in the crypto market, bitcoin is holding steady amid precariousness in the options market and the greater economic picture.
Surging open interest on bitcoin futures and options contracts might well be a sign that a breakout could be imminent.
Bitcoin experienced a dip on Wednesday, but equities and other assets also dropped on an uncertain economic outlook.
The cryptocurrency’s options market is on its way to a record $1 billion monthly expiry this Friday.
Opyn, an Ethereum-based options issuance platform, has raised a $2.16 million funding round led by Dragonfly Capital.
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Opyn, a hedging instrument for decentralized finance (DeFi) has closed a $2.16 million funding round led by Dragonfly Capital.
Ether options could be the new fuel that drives growth in the crypto market.
Lower bitcoin spot volumes and flatter-than-usual price action doesn’t mean crypto traders have zero opportunities to capitalize.
Next week will be historic for the fast-growing cryptocurrency derivatives market with a record $1 billion worth of bitcoin and ethereum options expiring on Deribit. In options trading, traders can make bets on contracts that expire in different months. Bitcoin options expiring in June make up the biggest portion of Deribit’s open interest with 69% […]
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