In the current bear market, crypto options trading has been a rare bright spot, building momentum even as crypto prices have plunged.
A number of crypto exchanges have noted rising trading volume after reaching lows earlier this year. Options strategies have figured prominently among institutional investors and even miners as they try to weather crypto’s usual volatility and a downturn that could last for months, or longer, despite recent hopeful macroeconomic signs.
More recently, traders have been using the crypto options market to bet on ether (ETH) and hedge positions as the Ethereum blockchain’s hotly anticipated Merge approaches. Panama-based derivatives platform Deribit, which is among the world’s largest exchanges for crypto options trading volume, told CoinDesk demand is surging ahead of the Merge.
Earlier this week, in a disappointing second-quarter earnings report, crypto exchange giant Coinbase (COIN) even alluded to traders migrating to derivatives-focused platforms as...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...