Bitcoin’s market volatility has been on the rise, and according to Deribit, a cryptocurrency derivatives exchange, this has been accompanied by an increase in demand for Bitcoin put options. Put options are a type of financial instrument that gives the holder the right, but not the obligation, to sell an asset at a predetermined price at a specified time in the future. This suggests that investors may be taking a more cautious approach to the cryptocurrency market.
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 9 |
| People | None |
| Companies | Deribit, Bitcoin |
| Currencies | Bitcoin, Ethereum |
| Securities | None |
