Crypto Derivatives Exchange FTX Launched Bitcoin Options Trading
Adrian Zmudzinski's original article for cointelegraph.com reduced by 73%
Cryptocurrency derivatives exchange FTX has launched Bitcoin options trading on Jan. 11. FTX CEO Sam Bankman-Fried announced in a tweet yesterday that options were listed on the trading platform.
Later the same day he also claimed that options trading volume on the exchange reached $1 million in about 2 hours. While the announcement does not specify which crypto assets are supported by the options just launched on the platform, the website only shows Bitcoin-based options. According to cryptocurrency data website CoinGecko, FTX is the eighth top crypto asset exchange based on volume, with $277,8 million traded over the last 24 hours.
The trading platform has also recently seen an investment from major crypto exchange Binance, as Cointelegraph reported in late December. A Malta-based cryptocurrency exchange OKEx announced that it will launch crypto options trading at the end of last month.
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Summarised crypto news.