BitOffer, the Most Potential Bitcoin Derivatives Platform.

[CastyLamer]

The year of 2019 was the period that Bitcoin derivatives grew rapidly. Especially in the second half, most exchanges started scrambling for the futures market. It seems that “Spot trading + Futures trading” become the standard equipment of cryptocurrency exchanges. However, the highly centralized focus on the futures market brought intense competition. The majority of the futures market is temporally occupied by BitMEX, OKEx, and Huobi Global. With this specific background, the rest market share became less and less. Any exchange who wants to win a seat on the derivatives market must work hard on the product R&D so that the dilemma can be broken.

Although most exchanges launched futures trading one by one, it is not enough for the development of the Bitcoin derivatives market, a huge void still exists on it. Thus, BitOffer, a cryptocurrency exchange that owns the aim to occupy a seat on the Bitcoin derivatives market, and the advantages based on its world-leading financial team, launched Bitcoin Options and Bitcoin ETF that is highly adorable to a large number of investors.

Lucian, the chief analyst, said:” The launch of Bitcoin Options and Bitcoin ETF is to fill the blank of the current Bitcoin derivatives market. We are willing to do what other exchanges are not able to do. The launch of Bitcoin Options and Bitcoin ETF developed and improved the Bitcoin derivatives market. Derivatives are necessary for all the investment market because investing is always accompanied by risks, and derivatives is a tool can be used for hedge”.

For example, now the bitcoin price is at $8,000, if it rises to $9,000, you would earn $1,000.

What if the bitcoin price falls to $7,000? Without hedging, a $1,000 loss would have occurred.

But if you have done the hedge work, like buy a put options contract with $20. Then when the bitcoin price falls from $8,000 to $7,000, a put options contract will get you to earn $1,000. After then, your loss on the spot trading market would be made up by the put options contract you buy. This is the magic of how hedge works.

Lucian also said that” We develop products based on the demand of different investors. Bitcoin Options is suitable for the investors who also trade futures so that they can hedge the high risk brought by bitcoin futures. And Bitcoin ETF is a good choice for traders who prefer a long-term investment. We always focus on the details. For example, our marketing team pushes the market analysis to our worldwide users. Besides, as a ‘Client First’ exchange, we sincerely listen and accept high-quality advice from our users and keep optimize our products. Moreover, a lot of KOLs start updating the videos of the options and ETF trading on BitOffer.”

As speeding up the development of the Bitcoin derivatives market becomes the consensus, many cryptocurrency exchanges have put more and more effort on the product R&D. Without a strong R&D team, surviving on the bitcoin market will be a tough task. However, the ability of R&D is the advantage of BitOffer while their R&D team comes from Wall Street.

The latest news came with Lucian, BitOffer now is developing the most innovative Bitcoin Futures trading which is expected to be launched in the first quarter (Q1) of 2020. What should be noticed that is BitOffer has launched spot trading, Options trading, and ETF. If they launch futures trading in Q1, BitOffer would become the first cryptocurrency exchange that owns spot trading and a whole roadmap of bitcoin derivatives in the world.