Cryptoverse: Is bitcoin out of the woods? Consider the options

Published by
Reuters UK

By Medha Singh, Lisa Pauline Mattackal and Vidya Ranganathan (Reuters) – Have bitcoin and ether finally turned a corner? It’s looking that way, if crypto options traders are anything to go by. The volume of bitcoin options traded on Deribit, one of the leading exchanges for crypto-focused derivatives products, jumped 82% in January versus December, according to crypto market maker OrBit Markets. Ether options swelled 38%. More investors are positioning for price gains, with the volume skewed to bullish call options – paying a premium for an option to buy bitcoin or ether at a future date and a…

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