Bullish (BLSH), the digital asset platform listed at the NYSE focused on institutional investors and the parent company of Coindesk, will temporarily launch the cryptography options from October 8.
These bitcoin The options will be margined and set in the regulated stablecoin USDC and PIE at a dollar, which has a market capitalization of $ 73.85 billion at the time of the press, the second largest in the stable industry. In addition, these will be European style options with expirations ranging from three weeks to three months. The contract multiplier will be 1, which means that a contract represents a complete BTC.
The exchange plans to list the options related to ether, as well as other unique and multi-active indices, such as the Coindesk 20 and Coindesk 5, in the future.
Bullish’s decision to launch options is part of a broader trend in the industry marked by the increase in demand for coverage instruments through the complete spectrum of cryptographic products. This growing appetite is illustrated by the growing popularity of BlackRock FNB Bitcoin FNB Bitcoin options, which is now competing in Deribit BTC options.
“Bullish invests considerably in his institutional offer,” said Chris Tyrer, president of Bullish Exchange. “Our trip started with the trading spot, extended to include the margin, then perpetual and dated term contracts, and now reaches a new step with the introduction of options.”
He added that the new product aims to deliver a series of complete derivative products with effective capital and attenuation of risks, all accessible via a single unified trading account.
The options are derivative contracts which grant the holder the law, but not the obligation, to buy or sell a specific asset, such as Bitcoin or other cryptocurrencies, at a predetermined price within a defined period. A purchase option gives the right to buy, representing a bull bet on the market, while a put protects against potential price losses.
The particular thing about the options is that they facilitate three -dimensional trading, allowing traders to bet on price management, the degree of price volatility and holds the expiration time. This multiple facets allows merchants to create synthetic positions by combining spot markets, future and options, allowing them to manage risks with more personalized and flexible strategies.
Consortium of business partners of the day
The new Bullish options have been designed in close collaboration with the main market options, technology suppliers and brokers to ensure that they are specifically adapted to meet the needs of institutional investors.
Even more importantly, from the first day, these options will be supported by a range of confirmed heavy goods vehicles as a business partners, including Abraxas Capital Management, Ampersan, B2C2, Blocktech, Cumberland, Falconx, Fig Markets, Flow Traders, Galaxy Digital, Monarq Asset Management, Pulsar, SignalPlus, Wintermute and Qube Research & Technologies.
“Galaxy is delighted to support the next chapter of Bullish’s trip,” said Jason Urban, a global negotiation manager in Galaxy. “The addition of options as a result of products is a solid step – improving liquidity, deepening the discovery of prices and strengthening the overall maturity of the crypto derivative market.”
Unified margin system
The global Crypto options market is estimated at more than $ 50 billion in notional open interest, the discomfort alone representing more than 80% of the activity. In other words, the exchange has a massive step ahead compared to imminent optimistic options.
However, Bullish’s announcement stands out due to the platform’s unified margin system, according to Tyrer.
“Optimistic customers access all products via our unified account structure, allowing them to exchange spots, PERPS, dated term contracts and now options with risk compensations and a portfolio guarantee. This configuration is designed for maximum capital efficiency, which is of primordial importance for our base of institutional customers”, said Chris Tyrer, president of Bulish Exchange.
In drunkenness, the separate standard margin is the default margin system, which means that the standard margin, the margin margin and initial maintenance requirements (mm) are calculated separately for each position in the account. These requirements are then added to generate total margin requirements on behalf of.
Finally, the bull’s bullure already has dynamic future and cash markets, which are often considered as a prerequisite for a successful option.
Since its launch in November 2021, the bull’s bull has exceeded 1.5 billion of dollars in cumulative negotiation volume. This year, the platform has executed more than $ 2 billion in average daily volume and ranks in the first ten exchanges per punctual volume against Bitcoin and Ether.
The company is authorized by the Department of Financial Services of the New York State, the German Federal Financial Supervisory Authority, Hong Kong Securities and Futures Commission and the Gibraltar Financial Services Commission.
