Bullish (BLSH), the newly notified digital asset platform focusing on institutional investors and parent company in Coindesk, launches the Crypto options that act from October 8.
These Bitcoin The options will be marginated and settled in the regulated, Dollar-Pegged Stablecoin USDC, which boasts a market capital of $ 73.85 billion at the press time, the second largest in the stableecoin industry. In addition, they will be available for European style with expiry from three weeks to three months. The contract multiplier will be 1, which means a contract represents a full BTC.
The exchange plans to list settings tied to Ether as well as other single assets and multi-active indices, such as Coindesk 20 and Coindesk 5, in the future.
Bullish’s decision to launch opportunities is part of a wider industry -ending characterized by rising demand for coverage instruments across the full spectrum of crypto products. This growing appetite is exemplified by the increasing popularity of options associated with Blackrock’s Spot Bitcoin ETF, which is now competing with bounding BTC settings.
“Bullish invests significantly in his institutional offering,” said Chris Tyrer, president of Bullish Exchange. “Our journey began with the spot trading, expanded to include margin, then eternal and dated futures and now reaches a new milestone with the introduction of opportunities.”
He added that the new product aims to deliver a complete derivative product package with capital efficiency and risk limitation, everything available through a single, total trading account.
The options are derived contracts that give the holder the right, but not the obligation, to buy or sell a specific asset, such as Bitcoin or other cryptocurrencies, at a predetermined price within a fixed timeframe. A call opportunity gives the right to buy that represents a bullish effort on the market while a put protects against potential price loss.
The special thing about opportunities is that they facilitate three -dimensional trade, which allows traders to bet on the pricing, the degree of award volatility and the leverage time to the outlet. This multifaceted nature allows traders to create synthetic positions by combining spot, futures and options markets, allowing them to control risk with more tailor -made and flexible strategies.
Consortium of day-a trading partners
Bullish’s new opportunities are designed in close collaboration with leading market manufacturers, technology suppliers and brokers to ensure that they are specifically tailored to meet institutional investors’ needs.
More importantly, these options from day one will be supported by a number of confirmed industry’s heavy weights as trading partners, including Abraxas Capital Management, Ampersan, B2C2, Blocktech, Cumberland, Falconx, Fig markets, Flow Traders, Galaxy Digital, Monarq Asset Management, Pulsar, Signalplus, WinterMute and Qube Technologies.
“Galaxy is happy to support the next chapter of Bullish’s journey,” said Jason Urban, global head of trade at Galaxy. “The addition of options to its product package is a strong step forward – which improves liquidity, elaboration of price discovery and strengthening the overall maturity of the crypto derivatives market.”
Unified margin system
The market for Global Crypto Options is appreciated for over $ 50 billion in nominal open interest, with deriibit alone accounting for more than 80% of the activity. In other words, the stock exchange has a massive lead compared to the impending bullish options contracts.
Still, Bullish’s message appears due to the total margin of the platform, according to Tyrs.
“Bullish clients have access to all products via our overall account structure, which allows them to action, perps, dated futures and now options with risk indulgences and portfolio conditions. This setup is designed for maximum capital efficiency, which is of the utmost importance of our institutional client base,” said Chris Tyrer, President of Bullish Exchange.
On the dismissed, the standard margin is the standard margin system, which means that the standard margin, the initial margin and maintenance margin (mm) requirements are calculated separately for each position on the account. These requirements are then summarized to generate the total margin requirements for the account.
In the end, Bullish already has lively futures and spot markets, which are often seen as a prerequisite for a successful opportunity product.
Since launching in November 2021, Bullish has surpassed $ 1.5 trillion in cumulative trading volume. This year, the platform has performed over $ 2 billion on average daily volume and ranks in the top ten exchanges after the spot volume for Bitcoin and Ether.
The company is licensed by the New York State Department of Financial Services, the German Federal Financial Supervisory Authority, Hong Kong Securities and Futures Commission and Gibraltar Financial Services Commission.
