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.

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

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.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Read more about