FTX Launched Bitcoin Options Trading
FTX, the cryptocurrency derivatives exchange, has launched Bitcoin (BTC) options trading on January 11, 2020.
FTX CEO Sam Bankman-Fried announced through twitter that they have launched Bitcoin (BTC) trading option on Jan. 11. In the last 24 hour $277,8 million has been traded on the platform. Read more: https://t.co/vqlWC1dfWA@FTX_Official @Bitcoin #SamBankmanfried #btc — Sushma Aithal (@AithalSushma) January 13, 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.
Options are live!https://t.co/B85lrLVDQO — SBF (@SBF_Alameda) January 12, 2020
FTX options just hit $1m of volume since the launch 2 hours ago!https://t.co/B85lrLVDQO — SBF (@SBF_Alameda) January 12, 2020
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.
However, cryptocurrency 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.
#CryptoNewsPoint #BitcoinOptionsTrading #DigitalNotice #Bitcoin #FTX