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Binance-backed derivatives exchange FTX launches bitcoin options

As reported by The Block, “Cryptocurrency derivatives exchange FTX, in which Binance acquired an equity stake recently, has launched bitcoin options. “The options, currently unavailable to U.S. users, went live on Sunday, said FTX, adding that some features such as limit order are yet to be implemented. “FTX’s bitcoin options are cash-settled to U.S. dollars (USD), […]

By Chris Sykora · January 13, 2020
Binance-backed derivatives exchange FTX launches bitcoin options

As reported by The Block, “Cryptocurrency derivatives exchange FTX, in which Binance acquired an equity stake recently, has launched bitcoin options.

“The options, currently unavailable to U.S. users, went live on Sunday, said FTX, adding that some features such as limit order are yet to be implemented.

“FTX’s bitcoin options are cash-settled to U.S. dollars (USD), and like its futures, these can be traded on margin.

“Sam Bankman-Fried, founder and CEO of FTX, tweeted that the options hit $1 million of volume within two hours of its launch, while in the first 12 hours, it traded about 2,000 contracts…”

Continue to read the full report on The Block.