Crypto exchange BitMEX could launch options linked to the Bitcoin price, the company CEO Arthur Hayes said in an interview with analyst and trader Luke Martin.
More particularly, Hayes said:
"We might be launching our own options platform within 12-18 months. Our staff is working with university professors to find a new and complex method to implement this tool."
Options offer investors the possibility to hedge their positions in an underlying asset. They allow them to buy a specific amount of a cryptocurrency at a specified price in the future.
"So, let's say you want to buy some 30-day paper. Why can't you buy a BitMEX 30-day zero-coupon bond that yields some rate of interest that reflects the market's determination of our credit risk?"
BitMEX CEO also said his company does not plan to launch its own cryptocurrency:
"This is quite difficult from a legal point of view. Should cryptos considered as securities? We already have enough issues to solve. We don't want to add more by launching our own token just to make money."
Why it is important
- BitMEX was founded in 2014 and is one of the world’s largest crypto exchanges by trading volume.
- The company CEO has recently said that Bitcoin will reach $10,000 this year.
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