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Deribit Exchange Raises Maximum Bitcoin Options Strike Price to $400K
The strike option supplants the company's previous $300,000 maximum offering listed on Jan. 9.
Crypto derivatives exchange Deribit is now offering traders the ability to bet bitcoin will reach $400,000 by year's end.
STORY CONTINUES BELOW
We've added the $BTC 400K strike in the Dec21 expiry! 🚀
— Deribit (@DeribitExchange) January 14, 2021
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- The eye-watering $400,000 option supplants the company's previous $300,000 maximum offering listed on Jan. 9.
- Despite recent volatile swings in its spot price, Deribit continues to offer higher strike prices for traders looking to bet big amid continuing high demand and sky high predictions even from conservative banks.
- Bitcoin's price dropped heavily on Monday, but has rebounded several thousand dollars over the last 24 hours.
See also: CME Tops in Bitcoin Futures Rankings Amid Rapidly Growing Institutional Interest
Sebastian Sinclair
Sebastian Sinclair is the market and news reporter for CoinDesk operating in the South East Asia timezone. He has experience trading in the cryptocurrency markets, providing technical analysis and covering news developments affecting the movements on bitcoin and the industry as a whole. He currently holds no cryptocurrencies.
