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Bitmain Spin-Off Company Is Launching Its Own Crypto Derivatives Exchange
Summary: Matrixport is launching a crypto derivatives exchange called Bit.com, as reported by The Block. Matrixport is a spinoff from major mining equipment producer Bitmain. Bit.com will offer both futures and options contracts. A Bitcoin/ U.S. dollar perpetual swap will be offered on August 3, followed by Bitcoin options on August 17. Matrixport COO Daniel Yan projected ...
Matrixport is launching a crypto derivatives exchange called Bit.com, as reported by The Block.
Matrixport is a spinoff from major mining equipment producer Bitmain. Bit.com will offer both futures and options contracts.
A Bitcoin/ U.S. dollar perpetual swap will be offered on August 3, followed by Bitcoin options on August 17. Matrixport COO Daniel Yan projected in an interview with The Block that the options market will grow 30 to 100 times in the next year.
Monthly options volumes are already on the rise with $2.5 billion in June, up from $1 billion in January, data from Crypto Reports shows.
By Emily Mason
Tags: Bitmain,Crypto Derivatives,Matrixport
Link: Bitmain Spin-Off Company Is Launching Its Own Crypto Derivatives Exchange [Copy]
