Cryptocurrency derivatives platform BitMEX will launch an options product in 12 to 18 months according to the company’s CEO Arthur Hayes, who was speaking on the Venture Coinist podcast over the weekend.
The firm implemented ‘up and down’ contracts that have similarities to options contracts in 2018, but Hayes is looking to implement an innovative options platform in 2020.
“We hope to possibly have our own options platform in maybe 12 to 18 months,” Hayes said.
“We have somebody working with some university professors on a complicated new way of doing this.”
BitMEX is a market leader in terms of liquidity and trade volume, regularly topping one billion dollars worth of daily trade volume on Bitcoin perpetual swaps alone.
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