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.
Crypto derivatives exchange Deribit is now offering traders the ability to bet bitcoin will reach $400,000 by year's end.
- 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.
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.