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Options Trading Is a Huge Step for the Crypto Derivatives Market

Published 06/13/2020, 04:35 AM
Updated 06/14/2020, 06:40 AM
Options Trading Is a Huge Step for the Crypto Derivatives Market

Options Trading Is a Huge Step for the Crypto Derivatives Market

For those of us involved in the cryptocurrency space, we've gotten used to the fast-paced nature of this rapidly growing industry. New technology quickly becomes old, bright shiny projects lose their luster, and what started out as a few privacy advocates sending “magic internet money” to one another has mushroomed into a whole new asset class with a robust infrastructure established around it. Every new product, application or financial instrument that we add has value and attracts more participants. Options trading is a huge step for the crypto derivatives market — and it’s already proving its worth.

Cast your mind back to 2017 before the Chicago Mercantile Exchange or Chicago Board Options Exchange entered the cryptocurrency space with their Bitcoin (BTC) futures offering. Back then, the most common expression you’d hear (time and time again) about crypto was that it was just like the “Wild, Wild West.” Lawless, volatile, full of scam projects and initial coin offerings over-promising and underdelivering, or even outright stealing investors’ money.

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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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