On January 11 of this year, the FTX crypto asset derivative exchange platform added Bitcoin options trading. The Chief Executive Officer of the exchange platform, Sam Bankman-Fried, the day before declared on Tweeter that BTC trading options have been included on the FTX exchange. A couple of hours later, Bankman-Fried announced on the same platform that the volume of the options trading on FTX hit the 1 million USD mark in less than two hours.
Even though in the announcement it was not mentioned the crypto coins that FTX options trading supports, the only options currently displayed on the platform are Bitcoin-based. Based on information from CoinGecko, a digital asset data platform, FTX is among the most famous and best crypto exchange networks with a trading volume of around 278 million USD during the past twenty four hours. This crypto exchange was launched pretty recently, in 2019, and offers users derivative trading products professionally. According to a report by Cointelegraph, Binance has also an investment in this new company in December of last year. However, the CEO of FTX refused to answer questions on the investment.
Digital asset derivates have been seeing very positive conditions and developing rapidly. OKEx, a crypto asset exchange company based in Malta, also made an announcement that it is going to release digital asset options trading in December of 2019. On the other hand, Napoleon AM, a french asset management company, had announced the release of a BTC fund.
In the past few years, the number of regulations around crypto assets globally has significantly increased and they have become much more distinct over time. As an example, the presidential committee of South Korea has made a suggestion to enable companies to release crypto-related products on the market.