Derive CEO: crypto options market could grow 40-fold
- —Options make up 3-4% of the perpetuals market versus their share in traditional finance
- —Derive is launching options on HYPE and on-chain portfolio margin in competition with Deribit
- —Example: an ETH call spread with $5,000 and $7,000 strikes would have returned about 66x at a price of $7,000
- —The October 10 crash hit the basis trade and funds with delta-neutral strategies
Why it matters: If options grow 40-fold, hedging and yield in the on-chain market will become more accessible, reducing liquidation risks.
Source: DiarioBitcoin