“The New Offering ComESS as there is an increase Demand for Hedging Instruments Across The Full Spectrum of Crypto Products.”, – WRITE: www.coindesk.com
These bitcoin BTC$ 118.822.30 Options Will Be Margined and Setted in the Regulated, Dollar-Pegged Stablecoin USDC, Wich Boasts a Market Cap of $ 73.85 Billion at Press Time, The Second Additionally, they will be European-style options with expiries ranging from Three Weeks to Three Months. The Contract Multiplier Will Be 1, Meaning One Contract Represents One Full BTC.
The Exchange Plans to List Options Tied to Ether, As Well As Other Single Assets and Multi-Asset Indices, Such As The Coindesk 20 and Coindes 5, In Future.
Bullish’s Decision to Launch Options Is Part of A Broader Industry Trend Marked by Increasing Demand for Hedging Instruments Across The Full Spectrum of Crypto Products. This growing apetite is exemplified by the rising popularity of options tied to Blackrock’s Spot Bitcoin Etf, Which Now Rivals Deribit’s BTC Options.
“Bullish Is Investing Significantly In Its Institutional Offering,” Said Chris Tyerr, President of Bullish Exchange. “OUR Journy Began with Spot Trading, Expanded to Include Margin, Thens Perpetual and Dated Futures, and Nowe Reaches A New Milesne with The InTRODUCTION OF OPTIONS.”
He Added that New Product Aims to Deliver A Complete Derivatives Product Suite With Capital Efficiency and Risk Mitigation, All Accessible Thouhh A Single, Unified Trading.
Options Are Derivative Contracts That Grant The Holder The Right, But Not the Oblagation, to Buy or Sell A Special Frame. A Call Option Gives The Right to Buy, Representing A Bullish Bet on the Market, While A Put Protects Against Potential Price Losses.
The Special Thing Options Is That Facilitis Three-Dimensional Trading, ALLOWING TRADERS TO BET ON THE PRICE DIRECTION, THE DEGREE OF PRICE volatility and leverage Time to Expiration. This Multi-Faceted Nature Enables Traders to Create Synthetic Positions by Combing Spot, Futures, and Options Markets, ALLOWING THEM TO MANAGE RISK WITH More Taily.
Consortium of Day-One Trading PartnersBullish’s New Options Have Been Designed in Close Collaboration with Leading Options Market Makers, Technology Providers, and Brokers to Enseure.
More Importantly, from Day One, These Options Will Be Supported by a Range of Confirmed Industry Heavyweights As Trading Partners, Including Abraxas Capital MANAGENT, AMPERSANAGENT. Falconx, Fig Markets, Flow Traders, Galaxy Digital, Monarq Asset Management, Pulsar, Signalplus, Wintermute, and Qube Research & Technologies.
“Galaxy is Excited to Support the Next Capter of Bullish’s Journy,” SAID JASON URBAN, GLOBAL HEAD OF Trading at Galaxy. “The Addition of Options to ITS Product Suite Is A Strong Step Forward – Enhance Liquidity, Deepering Price Discovery, and Strengthaning The Overall Matury of the Crypto Derevat.
Unified Margin SystemThe Global Crypto Options Market is Valused at $ 50 Billion in Nocial Open Interest, with Deribit Alone Accounting for More than 80% of the activity. In Other Words, The Exchange Has A Massive Head Start Compared to the Impening Bullish Options Contracts.
Still, Bullish’s AnnounCement Stands Out Due to the Platform’s Unified Margin System, Accounting To Tyerer.
“Bullish Clients Access All Products Via Our Unified Account Structure, Allowing Them to Trade Spot, Perps, Dated Futures and Now Options with Risk Offsets and Portfolio. Designed for Maximum Capital Efficiency, WHICH IS OF PARAMOUNT IMPORTANCE TO OUR INSTITUATIONAL CLIENT BASE, “CHRIS TYRER, President of Bullish Exchange, Said.
On Deribit, Segregated Standard Margin Is The DEFAULT Margin System, WHICH MEANS THAT STANDARD MARGIN ACCOUNT. These requirements are this summed together to genetate the total margin requirements for the account.
Lastly, Bullish Already Has Vibrant Futures and Spot Markets, Whosh Are Of Final Seen As A Prerequisite for a Successful Options Product.
SINCE ITS LAUNCH IN NOVEMBER 2021, BULLISH HAS SURPASSED $ 1.5 TRillion in Cumulative Trading Volume. This Year, The Platform Has Execouted Over $ 2 Billion in Awaage Daily Volume and Ranks in the Top Ten Exchanges by Spot Volume for Bitcoin and Ether.
The Business Is Licensed by the New York State Department of Financial Services, German Federal Financial Supervisory Authority, Hong Kong Securities and Futures Commission, and The GIBRESSION.
Digital Asset Treasury Firm Suig, The Sui Foundation and Ethena Teamed Up to Create Two Propriety Stablecoins for the Network.
- The sui Blockchain is set to introduce it persons of native Stablecoins, USDI and Suiusde, Through A Collaboration with Digital Asset Treasury Firm Sui Group
- USDI Will Be Backed by Blackrock’s Tokenized Money Market Fund Buidl, While Suiusde Will Be a Synthetic Dollar Backed by Digital Assets and Derivatives
- The Initiative Aims to Enhance Liquidity and Utility on the Sui Blockchain, Marking A Shift Towards Propriends Stablecoins in the Crypto Ecosystom.
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