Bitcoin Options Volume on Deribit Hits Highest Level in 22 Months as Bank Failures Breed Volatility
© Copyright Image: Crypto Breaking News
On Deribit, one options contract represents 1 BTC and 1 ETH. The exchange controls more than 80% of the global crypto options market. Options give traders the right to buy or sell the underlying asset, in this case, bitcoin, at a specific price, known as a strike, by a stated date. Call options give the right to buy, while put options give the right to sell.
Source: CoinDesk
The post Bitcoin Options Volume on Deribit Hits Highest Level in 22 Months as Bank Failures Breed Volatility appeared first on Crypto Breaking News.
Text source: Crypto Breaking News
