The digital asset company focused on the institution and the commercial firm Blockills are collaborating with Coindesk indices to launch options linked to the Coindesk 20 index (CD20).
The Coendesk 20 index, which debuted a year ago, measures the performance of leading digital assets, which meets the institutional demand of various trade products beyond Bitcoin (BTC) and Ether (ETH). The availability of options means that operators can speculate on volatility and time, in addition to prices management, which provides professional liquidity to the index.
The options are derived contracts that give the holder the right to buy or sell the underlying asset at a default price on a specific date or before. Crypto Bull’s career in progress, led by Bitcoin’s institutionalization, has seen investors adopt options linked to BTC and products linked to cryptography, including alternative investment vehicles such as SPOT ETF.
“As the digital asset market continues to mature, the qualified participants of the institutional market are demanding a fundamental reference index for trade, invest and measure performance,” said Perry Parker, chief of options marketed in Blocklds.
The institutions already participate in the Blockfills CD20 options, with Digital Asset Manager and Cryptography Fund of Strategy Hyperion Decimus running the first transaction this month.
“The Coendesk 20 Blockfills indices market is a unique solution for professionals who manage a portfolio within this kind of assets, and we are delighted to start product trade,” said Chris Sullivan, director of Hyperion Decimus.
“HD seeks to use the derivative for coverage and directional trades,” Sullivan added.
