Bullish (BLSH), the digital asset platform that is quoted in Nyse focused on institutional investors and a matrix company of Coindesk, will tentatively launch the cryptography options from October 8.
These bitcoin The options will be marked and set in the USDC of Stablecoin regulated dollar, which has a market capitalization of $ 73.85 billion at the time of the publication, the second largest in the Stablecoin industry. In addition, they will be European style options with maturities that go from three weeks to three months. The contract multiplier will be 1, which means that a contract represents a complete BTC.
The exchange plans to list the options linked to Ether, as well as other individual assets and multiple asset rates, such as Coendesk 20 and Coindesk 5, in the future.
Bullish’s decision to launch options is part of a broader industry trend marked by the growing demand for coverage instruments throughout the spectrum of cryptographic products. This growing appetite is exemplified with the growing popularity of the options linked to Blackrock’s Bitcoin ETF spot, which now rivals the BTC options of Deribit.
“The bullish is investing significantly in its institutional offer,” said Chris Tyrer, president of Bullish Exchange. “Our trip began with the spot trade, expanded to include margin, then perpetual and outdated future, and now reaches a new milestone with the introduction of options.”
He added that the new product aims to deliver a set of complete derivative products with risk efficiency and risk mitigation, all accessible through a single unified commercial 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 default price within a period of time established. A purchase option gives the right to buy, which represents an upward bet in the market, while a presentation protects against possible price losses.
The special thing about the options is that they facilitate three -dimensional trade, which allows merchants to bet on the direction of the price, the degree of prices volatility and the time of expiration of expiration. This multifaceted nature allows merchants to create synthetic positions by combining dot, future and options markets, which allows them to manage risk with more personalized and flexible strategies.
Consortium of Commercial Partners of Day One
The new Bullish options have been designed closely with the main market manufacturers, technology suppliers and runners to ensure that they specifically adapt to satisfying the needs of institutional investors.
More importantly, from the first day, these options will be backed by a variety of heavyweights of the industry confirmed as commercial partners, including abraxas capital management, ampersan, B2C2, blocktech, Cumberland, Falconx, Fig Markets, Flow Traders, Galaxy Digital, Monarch Asset Management, Pulsar, Signalplus, Wintermute, Investigations and qube technologies.
“Galaxy is excited to support the next chapter of Bullish’s Journey,” said Jason Urban, Global Galaxy Trade Chief. “The addition of options to your product suite is a strong step forward: improve liquidity, deepen price discovery and strengthen the general maturity of the cryptographic derivative market.”
Unified margin system
The global cryptographic options market is valued at more than $ 50 billion in open open interest, and abandonment only represents more than 80% of the activity. In other words, the exchange has a massive advantage compared to the imminent options of options achieved.
Even so, Bullish’s announcement stands out due to the unified margin system of the platform, according to Tyrer.
“Alcist customers access all products through our unified accounts structure, allowing them to exchange points, perses, outdated futures and now options with risk compensation and portfolio collateralization. This configuration is designed for maximum capital efficiency, which is of the utmost importance for our institutional client base,” said Chris Tyrer, president of Bullish Exchange.
In abandonment, the standard segregated margin is the default margin system, which means that the standard margin, the initial margin and the requirements of maintenance margin (mm) are calculated separately for each position in the account. These requirements are added together to generate the total margin requirements for the account.
Finally, Alcista already has future vibrant and spot markets, which are often considered a previous requirement for a successful options.
Since its launch in November 2021, Bullish has exceeded $ 1.5 billion in volume of cumulative trade. This year, the platform has executed more than $ 2 billion in average daily volume and is located in the ten main exchanges per spot volume for Bitcoin and Ether.
The business is licensed by the Department of Financial Services of the State of New York, the German Federal Federal Financial Supervision Authority, the Hong Kong Securities and Future Commission, and the Gibraltar Financial Services Commission.
