Derivatives Giant Deribit Launches Betting Options on US Presidential Election Using Bitcoin and Ether

IconCryptoNewsTerminal Staff16 Jul, 2024

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Derivatives Giant Deribit Launches Betting Options on US Presidential Election Using Bitcoin and Ether

Derivatives exchange Deribit is launching Bitcoin and Ether options that will allow traders to bet on the outcome of the US presidential election in November. The options will expire on November 3rd, the day of the election, and trading will commence on September 18th. This is the first time that Deribit has offered options on a political event. The move comes as interest in cryptocurrency derivatives is growing. According to The Block, the total trading volume of Bitcoin options has increased by more than 500% in the past year. Deribit is one of the largest cryptocurrency options exchanges in the world. The company was founded in 2016 and is headquartered in the Netherlands.

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