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Bitcoin Options on Deribit Now Go to $200K After Recent Surge
Deribit is now offering traders the ability to bet on bitcoin's rally reaching $200,000 by late December.
Updated Sep 14, 2021, 10:51 a.m. Published Jan 3, 2021, 12:32 a.m.
The folks at Deribit apparently think the recent explosion in the price of bitcoin from $20,000 to around $32,000 in just over a month, including a 10% rise in the last 24 hours, merits offering traders the ability to bet on a rally to $200,000 by late December.
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Just in case, we added the 200k strike on the Dec21 Expiry! 😉💥#Bitcoin #OptionTrading pic.twitter.com/5LevdY6bHY
— Deribit (@DeribitExchange) January 2, 2021
- That supersedes the $160,000 option as the most traders can bet where the leading cryptocurrency will rise.
- Even with today's wild ride for bitcoin there have been no takers at any strike north of $80,000.
See also: Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy: Analyst
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