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Bitcoin Volatility-Tracking Options See 25% Increase In Monthly Volume
Summary: Move, an options contract designed to track Bitcoin’s (BTC) daily volatility, saw a 25% increase in the 30-day trading volume on crypto derivatives platform, Delta Exchange. According to a report from Cointelegraph on April 16, Move contracts worth $8 million were traded on the platform in the past 30 days. The platform also saw $1 ...
Move, an options contract designed to track Bitcoin’s (BTC) daily volatility, saw a 25% increase in the 30-day trading volume on crypto derivatives platform, Delta Exchange.
According to a report from Cointelegraph on April 16, Move contracts worth $8 million were traded on the platform in the past 30 days. The platform also saw $1 million worth of Ether (ETH) volatility tracking contracts traded around the same time period.
On the subject, Delta Exchange CEO Pankaj Balani said, “Whilst the first 2 weeks of March saw just over 1Mn worth of BTC MOVE contracts traded, this number was close to 2.5 Mn for the last 2 weeks. Since then, though the volatility has cooled off, volumes in the MOVE contracts are still high and over 4Mn worth of MOVE contracts have already been traded for the month of April. We are seeing the similar trends on ETH MOVE product too.”
By Ramsey Baker
Tags: Bitcoin,Delta Exchange,Move,Trading Volume
Link: Bitcoin Volatility-Tracking Options See 25% Increase In Monthly Volume [Copy]
