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Feathers Of Cryptocurrency Derivatives Avenue Expand As FTX Unveils Bitcoin Options Trading
Of late, Crypto-derivatives markets are evolving as couple of start-ups as well as some regulatory bodies come-up with various futures, options and swap products for cryptocurrencies.
Binance’s strategic partnership leads to investment flow to acquire minority stake in Crypto-Derivative Exchange, ‘FTX’, their M&A deal between ‘Binance and Indian crypto-exchange WazirX’ have kept them in limelight.
He, furthermore, continued with a twitter handle on that day stating their options trading volume on the exchange hits $1 million in just about 2 hours.
Currently, FTS derivatives platform offers wide range of crypto-derivatives products, such as, Bitcoin futures and options, BTC perpetual futures, Bitcoin cash perpetual futures, Ethereum classic perpetual futures, & so on.
FTX, crypto-derivatives exchange, has been established in early 2019 and offers professional derivative trading products, including quarterly and perpetual contracts on various crypto assets, leverage tokens and over-the-counter (OTC) services. They had rolled out the trading facility for Perpetual Futures on BiLira also, a Turkish Lira-pegged stablecoin released back in October 2019. The launch of BiLira Futures indicates a better distribution of its token across fiat-to-crypto platforms, bringing in more investors to the crypto-space.