Cryptocurrencies
Bitcoin Options Introduction Subdued in Wake of Futures Letdown
- CME Group, Bakkt and OKEx exchanges all offering contracts
- Trading platforms are seeking to offset slower revenue growth
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Bitcoin advocates are taking a more measured approach over the introduction of options for the world’s largest cryptocurrency after the wild ride they took with futures.
While the contracts that provide the right, but not the obligation, to buy or sell a specified amount of coins within a set time period have been available on some online exchanges, they’re heading for the mainstream, just as futures did during the height of the crypto mania in 2017.