The world's leading investment company Goldman Sachs is confident that the development of cryptocurrency options will be an important catalyst for the growth of cryptocurrency, as traditional financial investors very often come to the crypto market.
Bitcoin desperately needs a developed options market. Goldman Sachs analysts are confident that there is an increased demand for Bitcoin options among institutional investors.
Top analysts of the company are confident that there is an increased demand for hedging with financial derivatives, and the next important landmark event that will raise Bitcoin in price will be the development of the options market.
At the moment, the demand for the bitcoin market is truly colossal. Data from analytical crypto site Skew, which monitors the derivatives market, shows that the total outstanding contracts for Bitcoin options are over $12 billion.
Last year, this figure was six times less and amounted to only $2 billion.
Traders are truly interested in trading futures and options instead of rebalancing their portfolios.
Options trading allows traders to hedge different types of investments over the long term.
Institutional investors tend to choose this trading option to hedge against potential risks, and also use this trading instrument to maximize their influence on the market.
This trade is also often referred to as derivatives trading. Over the past day, the price of bitcoin has increased by 0.3%, the volume of digital gold trading has fallen by 10%.
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