- Deribit, the online cryptocurrency trading platform now offering daily BTC options trading form February 3rd,2020
- Currently, the new daily options are available in test – test.deribit.com.
BTC Options Trading on Deribit
Deribit, the online cryptocurrency trading platform, will now start offering daily BTC index options from February 3rd, 2020, with a BTC contract set to expire every day of the year like the other regulated exchanges such as Bakkt and CME. Users and the investors will be able to decide from a variety of contract expirations available that ranges from one day to nine months.
Deribit has further explained that the new products should be appealing to the short term traders and has said, “These short-dated expiries are specifically interesting for investors and traders with a short term view based on, for example, macroeconomic data or events. Deribit will work with its market makers to ensure that highly competitive prices are available on the screen.”
The news has come after the recent relocation. Deribit recently relocated from the Netherlands to Panama to refrain itself from the new Anti-money laundering law of Europe and also updated it’s Know Your Customer policy. Also, the company announced that the whole operations will now be operated by DRB Panama and not Dutch company Deribit B.V.
Deribit was launched in the year 2016. John Jansen is the founder and CEO of the company, who later teamed up with Sebastian Smyczýnsk. Deribit started the Deribit started as a Bitcoin Futures and Options trading platform in the summer of 2016. Deribit provides services that can create a fully liquid marketplace with the same standards as a traditional derivatives market. The company believes that the company has the potential to eventually serve millions of users at the same time with low latency data.