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.
Jan 3, 2021 at 12:32 a.m. UTCUpdated Aug 19, 2021 at 6:27 a.m. UTC
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The folks at Deribit apparently think the recent explosion in the price of bitcoin (BTC) 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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- 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.
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