Crypto-Derivative Exchange FTX Supports Bitcoin Options

Cryptocurrency-derivative platform FTX has launched a Bitcoin options feature on January 11, CEO Sam Bankman-Fried said on his twitter account.  

“Options are live! Users can now head to the platform and use it,” Bankman-Fried said.

He added that the platform’s options trading volume amounted to $1 million in just 2 hours on Saturday.

By adding this exciting feature, FTX has secured the 8th position among the most popular exchanges worldwide in terms of trading volume, just below CME.

Source: FTX

Beside the new feature, the platform supports other crypto assets such as Bitcoin, Ethereum and EOS.

“We also think that the range of products we offer will draw users to the platform,” the CEO said.

Other popular platforms such as Binance, Bakkt and Coinbase have added extra features. Binance has opened up a U.S. division for its clients in the West. In addition, Bakkt has recently launched cash-settled futures.  

Founded in 2019, FTX offers a wide range of crypto derivatives, such as leverage tokens and over-the-counter (OTC). The platform has recently witnessed an investment from the popular exchange Binance.

The derivatives have recently seen positive developments. OKEx, an exchange based in Malta, earlier stated that it will support crypto options. Moreover, Napoleon AM, a Paris-based asset management firm, said it will launch a licensed Bitcoin fund.

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Rabea Maguid 551 Articles
Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.