Deribit Launching Daily Bitcoin Options Trading

Michael LaVere
  • Deribit has announced the launch of daily bitcoin options beginning Feb. 3. 
  • Exchange controls 90 percent of the regulated options trading market for bitcoin. 

Deribit will launch daily bitcoin options trading to compete with other regulated exchanges such as the CME and Bakkt. 

According to the official announcement , Deribit will be launching bitcoin index options on Feb. 3, with a BTC contract set to expire every day of the year. Investors will be able to choose from a variety of contract expirations, ranging from one day to nine months. 

The post claims that Deribit will attempt to offer contracts within 5% of the at-the-money (ATM) levels at a strike price of $125. 

Deribit says the new product should appeal to short term traders, 

These short dated expiries are specifically interesting for investors and traders with a short term view based on for example macroeconomic data or events. Deribit will work with its market makers to ensure that highly competitive prices are available on screen.

Deribit first launched in 2016 as a way for crypto investors to trade options and futures contracts. The exchange largely dominates the landscape of bitcoin options, controlling nearly 90% of the trading market according to data from analytics firm Skew. 

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