Deribit’s New Bitcoin and Ethereum Move! “Focus on US Elections!”

The world’s largest crypto derivatives exchange It will be a jokeas part of a strategy to capitalize on price movements ahead of the US presidential election in November 2024 Bitcoin (BTC) ve Ethereum (ETH) expands its options offering.

These options will expire in early November and will allow investors to place their bets on how the U.S. elections will affect the cryptocurrency market, Coindesk reported.

New BTC ve ETH Options will be available to investors starting July 18.

Sharing from X account It will be a joke made the following statement:

“New products are being introduced for investors looking to bet on the outcome of the November 8 US election.

Based on customer demand, the options expiration date is November 8, 2024.

The early launch aims to enable our clients to effectively position themselves for the upcoming November 5 US elections, speculation, hedging and more.

We hope this will provide our clients with valuable opportunities to manage their portfolios and benefit from market movements leading up to this important event.

New BTC and ETH Select options will be available for trading on Thursday, July 18th at 08:00 UTC.”

Market analysts stated that Deribit’s Bitcoin and Ethereum options for the US elections received positive feedback from investors.

On this point, Jeff Anderson, a senior trader at STS Digital, told CoinDesk, ““The US elections are a focal point for risk assets, including cryptocurrencies, and will have a dual impact on fiscal policy and financial stability. Options are an important tool to hedge this uncertainty, so it is natural for Deribit to list new options for BTC and ETH.” said

The upcoming US presidential election could be one of the most important for cryptocurrencies, as the Republican candidate Donald Trump has recently adopted a pro-cryptocurrency stance, while his opponent Joe Biden has taken a different stance.

Although Trump has not yet proposed detailed regulation for cryptocurrencies, Bitcoin ve BTC His recent support for miners has earned Trump the support of the cryptocurrency industry.

Therefore, BTC and ETH may see increased price volatility before and after the US elections.

*This is not investment advice.