What keepsthe crypto space interesting for trading this new decade? According to manyinvestors, the introduction of new entrants in the crypto market. For instance,FTX currently making a market trend worldwide as it launches the Bitcoin optiontradings.

The saidlaunching of BTC options tradings was announced by FTX CEO Sam Bankman-Friedvia Twitter on January 12.

A few hoursafter the announcement, BTC options trading hits $1 million trading volume. Notto mention, the additional features dedicated to the crypto space, FTXinterestingly gained an incredible momentum among traders, as well asconstantly climbed the ranks of top exchanges.

From thevolume monitor of FTX, the exchange gained the 8th spot, which isjust above CME, according to the trading volume. In addition, the exchange alsogained so much support from Binance, one of the giants in the crypto space. Infact, it was reported that Binance invested tens of millions in FTX lastDecember 2019.

What’s withOptions Trading

In today’scrypto space, options trading is considered as the new hype where a number ofexchanges push forward to make the feature possible.

Back in 2017, institutional cryptocurrency trading firm CME was one of the first to launch the BTC futures contracts. After that, different exchanges have followed that suit. Options trading is the important, latest trading feature of CME Bitcoin. Before the launch of CME BTC Options, which is scheduled today, January 13, 2020, JP Morgan Chase’s executives noted that it is highly anticipated in the entire crypto space because of the “unusual strong activity.”

Jaw-DroppingTrading Volume

According toCoinGecko, a crypto data site, FTX is the 8th top cryptocurrencyexchanged when it comes to volume, where it successfully traded $277.8 millionover the last 24 hours. While the announcement doesn’t lay down in whichcryptocurrency asset is supported by the said options, the site only showedthose that are Bitcoin-based options.

Early lastyear, FTX was founded and known to offer topnotch derivative trading products,such as perpetual and quarterly contacts on different leverage token,cryptocurrency assets, and over-the-counter services. Recently, this tradingplatform has seen investment from Binance.

The Impact ofCrypto Derivatives to the Crypto Space

Due toincreasing frequency, crypto derivatives could bring positive developments. Infact, OKEx, which is a Malta-based crypto exchanged, has announced the launchof its crypto options trading at the end of December. Not only that, butParis-based asset managed company Napoleon AM also announced the launch of theregulated BTC fund in mid-December.

Meanwhile,the regulatory framework in the international scene continues to become clearand favorable. The South Korean Presidential Committee under the FourthIndustrial Revolution, has recently recommenced the government to permit anyfinancial institution in launching crypto-based financial products.

This actiononly shows that more and more individuals or groups trust the capabilities ofoptions trading in the crypto space.