It looks like 2020 will be the year for crypto derivatives trading. Many platforms support Bitcoin futures trading, such as crypto exchanges BitMEX, OKEx, Huobi, and Binance as well as institutional trading platforms Bakkt, CBOE, and CME, besides options trading on assets other than Bitcoin.
Besides the outstanding performance of Bitcoin, there has also been some interest in Ethereum derivative tools. Since the start of the year, Ethereum options trading has picked up sharply as only a few days have seen a spike in $ 5 million. While it is still lackluster compared to Bitcoin futures trading, which is accumulating $ 20 billion on some days in January, this is still a good sign and is likely to be profitable.
ETH options trading activity has picked up since the start of the year pic.twitter.com/Ckkrua5mE6
— skew (@skewdotcom) January 29, 2020
In terms of derivatives trading, Bitcoin has always been a favorite among most platforms. King of Cryptos has not only the largest market cap but also the most influential coin in the overall market movement.
Even so, there is an exciting opportunity for derivative traders, people who can start to bet on the movement of Ethereum, which is known to follow Bitcoin’s actions but sometimes also go its own way.
Read more:
- Ethereum 2.0: Phase 0 Stabilized, Phase 1 Draft Is Ready
- Ethereum Struggling To Gain A Breakout Momentum, Targeting $ 180 In The Short Term