FTX, the cryptocurrency derivatives exchange, has launched Bitcoin (BTC) options trading on January 11, 2020.
It has been reported that Sam Bankman-Fried, the CEO of FTX, announced in a tweet that options were listed on the trading platform. Furthermore, he also claimed that options trading volume on the exchange reached $1 million in about 2 hours.
While the announcement
does not specify which crypto assets are supported by the options just launched
on the platform, the website only shows Bitcoin-based options.
According to the cryptocurrency data website CoinGecko, FTX is the eighth top crypto-asset exchange based on volume, with $277,8 million traded over the last 24 hours.
It has been analyzed that FTX was founded in early 2019 and provides professional derivative trading products, including quarterly and perpetual contracts on various crypto assets, leverage tokens and over-the-counter (OTC) services. The trading platform has also recently seen investment from major crypto exchange Binance.
derivatives are seeing positive developments with increasing frequency.
Likewise, OKEx announced that it will launch crypto options trading at the end of last month. Furthermore, in mid-December, Napoleon AM, a Paris-based asset management firm, announced the launch of a regulated Bitcoin fund.
Thus, the international regulatory framework is becoming increasingly clear and favorable.
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