Altcoins News
By Jean-Luc Maracon
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Why Institutions Want Bitcoin Options. Options give traders leverage and hedging tools. Simple as that.
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What Bullish Brings to the Deal. Bullish's automated market-making system is the core asset here.
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Institutional Crypto Trading Gets More Crowded. Ripple Prime is far from the only player chasing institutional crypto traders.
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Ripple just got bigger. The blockchain company's brokerage arm, Ripple Prime, is rolling out Bitcoin options trading through a new partnership with Bullish, a digital asset…
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Ripple Prime wants to be the one-stop shop for institutions trading crypto. Bitcoin options are the latest add-on, and they're using Bullish's infrastructure to make it happen.
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Bullish isn't some random startup. The exchange has carved out a reputation for deep liquidity pools and tech that can handle institutional-size orders without slippage eating…
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An institutional investor holding Bitcoin can buy puts to protect against a crash. Or they can sell covered calls to generate income on their holdings.
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The timing probably isn't random either. Bitcoin's been bouncing around, and volatility creates demand for options.
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But here's the thing: Ripple didn't say much about what comes next. No roadmap, no specific dates for rolling out Ethereum options or other products.
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Related: BTC Holders Sit Tight as Exchange Deposits Drop and Wallets Fill Up
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Bullish's automated market-making system is the core asset here. It's designed to provide liquidity even when order books get thin, which happens a lot in crypto.
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Ripple Prime's existing clients get immediate access to Bitcoin options without opening a new account or going through another KYC process. That's a real advantage.
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Neither company gave details on fee structures or revenue splits, so it's unclear how profitable this will be for either side.
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Ripple Prime is far from the only player chasing institutional crypto traders. Coinbase Prime, Kraken Institutional, and a bunch of others are all fighting for the same clients.
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Read also: BTC Slips as Warsh Takes Fed Chair, Traders Parse Unclear Policy Signals
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