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Crypto Prices CoinDesk Market Index
Markets

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.

By Kevin Reynolds
AccessTimeIconJan 3, 2021 at 12:32 a.m. UTC
Updated Sep 14, 2021 at 10:51 a.m. UTC
shutterstock_212651119

Alex Thorn
Head of Firmwide Research
Galaxy
Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.
Secure Your Seat
Alex Thorn
Head of Firmwide Research
Galaxy
Consensus 2023 Logo
Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.
Secure Your Seat

Alex Thorn
Head of Firmwide Research
Galaxy
Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.
Secure Your Seat
Alex Thorn
Head of Firmwide Research
Galaxy
Consensus 2023 Logo
Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.
Secure Your Seat

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.

  • 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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