CME Bitcoin futures options trading volume increases as US election approaches

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ODAILY
2 days ago
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Odaily Odaily reported that as the US election approaches, CME Bitcoin futures options trading volume has increased, and a large number of institutional transactions bet that the price of Bitcoin will exceed $85,000 by the end of November. Joshua Lim, CEO of Arbelos Markets, said that he was pleased to see institutional investors making such a large-scale layout on CME, which may be a good sign that as the asset class of the crypto derivatives market matures, its liquidity will continue to increase. Bitcoin is increasingly seen as an inflation hedging tool and an alternative tool for the US presidential election. The options market expects Bitcoin to fluctuate by 7% on the day of the US election, which is slightly lower than Bitcoin's beta coefficient to risky assets. (The Block)

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