.DeribitExchange will launch the June 2024 expiry $BTC futures and options contract on Thursday to meet high client demand. Reports godbole17.
Bitcoin's fourth mining reward halving, a programmed code that reduces the pace of supply expansion by 50% every four years, is due in April next year.
The Panama-based exchange has decided to list the June 2024 expiry futures and options on Thursday at 08:00 UTC, preponing the launch by a week to cater to the user demand. "For derivatives desks & dealers having the ability to trade on exchange is important as it reduces their overall capital requirements and allows them to hedge their exposure relating to bilateral/OTC positions," Strijers added.
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