Bullish to Launch Bitcoin Options Trading on October 8
Bullish Launches Crypto Options Trading
- Bullish (BLSH), a digital assets platform, plans to launch crypto options trading starting October 8.
- The bitcoin options will be margined and settled in USDC, a stablecoin with a $73.85 billion market cap.
- Options will be European-style with expiries from three weeks to three months and a contract multiplier of 1.
- Future listings may include options on ether and indices like CoinDesk 20 and CoinDesk 5.
- The move aligns with increasing demand for hedging instruments in the crypto industry.
Industry Trends and Strategic Developments
- Rising popularity of options tied to BlackRock's spot Bitcoin ETF highlights growing interest.
- Chris Tyrer, President of Bullish Exchange, emphasizes the goal of offering a complete derivatives suite.
- Options allow traders to bet on price direction, volatility, and leverage time to expiration.
- Bullish has collaborated with leading market makers and brokers to tailor options for institutional investors.
Partnerships and Market Position
- Day-one trading partners include Abraxas Capital Management, B2C2, Galaxy Digital, and others.
- Galaxy Digital highlights the importance of options in enhancing liquidity and market maturity.
Unified Margin System
- Bullish's unified margin system allows trading across spot, perps, futures, and options from one account.
- This setup offers capital efficiency, crucial for institutional clients.
- Bullish has surpassed $1.5 trillion in cumulative trading volume since November 2021.
- The platform is licensed by financial authorities in New York, Germany, Hong Kong, and Gibraltar.