"We're excited to announce that we've just achieved a record-breaking $15 billion (ATH) in notional open interest in BTC options," Chief Commerical Officer Luuk Strijers said in an email. "This development underscores the increasing preference for options as a strategic tool among traders, whether for positioning, hedging, or leveraging the recent surge in implied volatility."
Options are financial contracts that represent the right to buy or sell an asset, in this case, bitcoin, at an agreed-upon price for a specific period of time. A call option gives the right to buy and a put the right to sell.
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