After Bitcoin's halving market was fermented, breaking through 20,000 U.S. dollars, and hitting a record high in the 2017 bull market, the bull market intensified. In just two months, the price of the currency went straight to 50,000 U.S. dollars, attracting numerous investment institutions and investments. High attention of the readers. Driven by this, the spot, futures, and digital currency derivatives markets have risen in an all-round way, and BitOffer's options have ushered in a super explosion, breaking through US$2 billion for the first time and setting a new record high.
2020 is a crucial year for the cryptocurrency derivatives market. Bitcoin and Ethereum derivatives have grown steadily throughout the year. On December 31, the open positions of Bitcoin options hit a record high, reaching US$6.8 billion is three times that of 100 days ago, showing the rapid growth of cryptocurrency derivatives in this bull market.
In the traditional financial market, the derivatives market is several times larger than the spot market, but the crypto market is currently the opposite. It can be seen that the cryptocurrency derivatives market is still in its infancy. It will grow exponentially with the expansion of the industry. With the increase in trading volume, the market will tend to become more efficient and provide better prices for the underlying assets. Find. As the price of Bitcoin continues to rise and more investment institutions and investors enter the market, the cryptocurrency derivatives market is expected to usher in a concentrated outbreak in 2021.
According to statistics from BitOffer, among the cryptocurrency derivatives, options are the first to usher in an explosion in 2021, and their daily trading volume has exceeded US$2 billion, setting a new historical record again. Especially when Bitcoin has skyrocketed or plummeted, the trading volume is most obvious. For example, on January 11, Bitcoin retraced more than 8,000 U.S. dollars. At that time, the trading volume of date rights hit the highest record since the launch of BitOffer American options, which was as high as 2.8 billion U.S. dollars. Among the 150,000+ daily active users, most of the users were all Buying put options every day means that these users are making profits all day. According to background statistics, the per capita profit of users on that day was as high as more than 20,000 U.S. dollars, which once again refreshed the per capita profit record set on March 12, 2020.
The opposite is the contract market. According to the statistics of contract exchanges, the total amount of contract liquidation in the entire network that day exceeded 10 billion. Many armies were annihilated, and some highly leveraged air forces were not spared, because the volatility in the process of falling was very intense, either being stopped or triggered directly by liquidation. More than 85% of users suffered heavy losses, with an average loss of more than $50,000 per capita. , Fully in line with the market’s 28th law. However, the proportion of profitable users in the options market is as high as 58%, which is in sharp contrast with the contract market.
Various indicators in 2021 indicate that the cryptocurrency market will usher in subversive changes, especially favorable policies. The attitudes of various countries towards cryptocurrencies have undergone significant changes, from the prohibition of transactions in 2017, rejection to acceptance, and legislative supervision. Conducive to the development of the cryptocurrency and related derivatives market. In the digital currency derivatives, options are highly sought after by users because of their built-in invisible leverage of more than a thousand times. When the market fluctuates greatly, you can get hundreds or even thousands of dollars in income with a few dollars. Broad, and there is no margin system, there will be no liquidation.
As the world's largest Bitcoin options exchange, BitOffer's pioneering Bitcoin American option has the unique advantages of zero handling fee, zero margin, no liquidation mechanism, and no need to exercise. It has become the preferred platform for users to conduct option transactions. When the market is volatile, options have become the fastest cash machine for users to get rich, and they can also be used as a risk hedging tool for spot and contract.
As the Bitcoin price base becomes higher and higher, a larger price difference will appear under the same fluctuation, which will invisibly increase the invisible leverage of options and enhance its wealth-making effect. Therefore, as the super bull market advances, more investment institutions and users will gradually enter the options market, boosting BitOffer's options market to usher in a big explosion, and the daily trading volume is expected to exceed 5 billion U.S. dollars or more. Everything is just time. problem.