Share this article
Deribit Exchange Raises Maximum Bitcoin Options Strike Price to $400K
The strike option supplants the company's previous $300,000 maximum offering listed on Jan. 9.
Updated Sep 14, 2021, 10:56 a.m. Published Jan 14, 2021, 9:34 a.m.
Make us preferred on Google
Crypto derivatives exchange Deribit is now offering traders the ability to bet bitcoin will reach $400,000 by year's end.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
We've added the $BTC 400K strike in the Dec21 expiry! 🚀
— Deribit (@DeribitExchange) January 14, 2021
Send tweet!
- The eye-watering $400,000 option supplants the company's previous $300,000 maximum offering listed on Jan. 9.
- Despite recent volatile swings in its spot price, Deribit continues to offer higher strike prices for traders looking to bet big amid continuing high demand and sky high predictions even from conservative banks.
- Bitcoin's price dropped heavily on Monday, but has rebounded several thousand dollars over the last 24 hours.
See also: CME Tops in Bitcoin Futures Rankings Amid Rapidly Growing Institutional Interest
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Bitcoin climbs above $89,000 as U.S. dollar tumbles on President Trump's remarks
The president said he isn't concerned about the dollar's recent declines, sending the greenback plunging even lower.
What to know:
- Bitcoin rallied above $89,000 as remarks by President Trump sent the dollar to its lowest level in nearly four years.
- Gold rose to a new record above $5,200 per ounce following the president's comments.
- One analyst is seeing a bullish technical divergence which could send bitcoin back to $95,000 in short order.
Top Stories
