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Hacked Exclusive: “The algorithm knows something you don’t.” An Interview with One of the World’s Top Algorithmic Crypto Traders

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When Alexander Gordon-Brown first heard about Bitcoin back in 2010, he thought it sounded mathematically interesting — and financially impractical.

“It seemed like a passing craze”, he tells me, with no small sense of irony. Though his views weren’t uncommon at the time (or even today), Alex went on to change his outlook as completely as any person can.

In 2016, as he watched the cryptocurrency boom from his office at a proprietary trading firm in London, he realized his initial judgment had been mistaken. The math of crypto still fascinated him, just like the math at his day job — but now he saw it as an “unusual and extraordinary opportunity” to trade an asset with no historical precedent.

Alex wasn’t the first finance professional to go all-in on crypto. Bankers like Arthur Hayes have been exploring Bitcoin since well before the recent boom. Still, Alex had one skill that set him apart. He’d spent the last few years learning to create financial algorithms — code that watches the markets and generates trades to take advantage of every passing trend.

Alex is humble to a fault. Every word he says feels carefully calibrated to avoid exaggeration or self-aggrandizement. But the facts of his brief career in crypto speak for themselves. Though he started with a set of small, conservative bets, Alex’s accounts now log tens of millions of dollars in daily trades. He may be the single most prolific algorithmic trader in the markets — but he’s also the first to insist that the “most” in that title is impossible to prove.

Still, whether he’s first or second or third, this kind of success — built from thousands of tiny profitable trades, rather than a few lucky guesses — doesn’t come by chance. Alex describes his particular talent as follows:

“In terms of understanding how these markets fit together, and how opportunities arise, especially on short-term timescales — I suppose that I qualify as an expert.”

I’d go a bit further and call him a world-class trader: Someone who, time and time again, has managed to wrangle money-making rules from some of the world’s most chaotic markets.

Until now, he’s also been someone who never mentioned his success in public. But last week, he agreed to sit down with me and discuss his move from standard stock trading to the frontiers of finance.

Aaron Gertler: You majored in mathematics at Cambridge. What led you from math to your first job at a hedge fund?

Alexander Gordon-Brown: “I became interested in trading at university, because I thought it might cater well to my strengths. Building mathematical models comes naturally to me. But even more important for trading is quick analytical reasoning activity. It’s pretty similar to an intense strategy game, and I really enjoy those.”

AG: You were doing very well as a trader in your previous job. How did you decide to make such a dramatic switch, into an asset with which you had less experience?

AGB: “I had built up some savings from work, and I wanted more control and flexibility over my time, priorities, and the nature of my work as a whole. I was browsing Facebook one night, and someone had linked to an article about inefficiencies in the crypto market, so I decided to take a closer look. After that, I just tried out trading, first with money that I could afford to lose, then with larger amounts as I got more confident.”

AG: Did you start out well, or was there a steep learning curve before the trades began to work out?

AGB: “I started out with Bitcoin futures, nothing too complicated, and I think that my initial ideas were well-conceived. I generally profited from the beginning. That said, I did make quite a few mistakes starting out, which were more ‘missed opportunity’ than ‘losing money’. I expected to see certain efficiencies in crypto that would have existed in any other market, and later discovered that those didn’t yet exist.”

[Throughout his trading career, Alex has specialized in “market-making” — offering to buy and sell a wide range of assets, making a profit on the spread, and creating liquidity in markets, giving other participants greater flexibility with their own trades. Smaller markets have less liquidity, and therefore offer greater opportunity for market-makers like Alex to profit.]

AG: You probably won’t tell me, but I have to ask: What’s the secret to your success? How have you been able to scale up so quickly?

AGB: “I focus on doing a large volume of trades but keeping my positions small. Many of my trades make small amounts of money and make up for their size by sheer numbers. I don’t want one bad call on a larger position to overwhelm the upside from the many small trades.”

AG: What does a day in your work life look like, given that you manage algorithms rather than making trades yourself?

AGB: “It’s a continuous cycle. I spend some of my time keeping an eye on the positions I’m holding, to make sure the algorithms don’t run off and do something unreasonable. With automated trading, it’s easy for a small mistake to become a big mistake rather quickly.

“I also try to keep up with the wider world of crypto. It’s been a busy few months! A lot of the news that’s come out recently has had effects on pricing, so I find myself checking the news cycle continuously. At my previous job, I worked mostly when the London markets were open, but crypto markets are always open. The hard thing is finding the discipline to switch off for a while and stop working, since I know I’ll just have to catch up again.”

AG: When you’re checking in on your algorithms, how do you know when it’s time to tweak something?

AGB: “When a position starts to build up quickly for no apparent reason, or when an unusually large volume of small trades pops up — again, for an unknown reason. Whenever I see a major algorithmic decision, I need to try and match it to some change in the world. Usually, there’s a clear reason — a coin’s price has increased, for example — but if I can’t find the reason, that’s a sign something strange is going on.

“Fortunately, most instances of weirdness are actually false positives. It looks like something strange is going on, but the algorithm is justified, because it knows something you didn’t.”

AG: Do your algorithms mostly change themselves according to automated rules, or are you generally changing them by hand, in response to your own beliefs about the market?

AGB: “It’s closer to the latter. I try to write code so that the general structure is very flexible, and that I’m mostly just changing parameters. I’ve set things up so that I won’t have to write a lot of additional code every time the world changes.”

AG: And when the world does change, how do you choose what gets your attention? What kinds of news are most important to the way you work?

AGB: “I try to pay attention to the things I think other people will pay attention to. Those pieces of news usually signal times when trading will be particularly good, or when it might be a good idea to shift my sleep schedule so that I’m trading when there’s a lot of market activity. I may have my own beliefs as to which types of news and opinion are most reliable, but if lots of other people who trade decide the news is important, it will be an important day.”

AG: Given the huge boom in ICOs recently, how do you approach the release of new coins you might want to trade?

AGB: “I generally haven’t been too keen on trading newer cryptocurrencies in any big way. I want to stick to things I think are relatively well-established, and where I understand what’s going on. I won’t continue to totally ignore them forever, but right now, they’re not something I pay much attention to.”

AG: Algorithmic trading gets a lot of bad press from people who see it as unfair, or somehow taking advantage of human traders. But in an interview about your previous job, you mentioned that you see algorithmic trading as a positive thing, since it helps markets become more efficient. Do you think the same thing about crypto markets?

AGB: “I think that [arguments about efficiency] actually apply more strongly, since cryptocurrencies are even more inefficient. In crypto markets, I see both the opportunity for algorithmic traders and the value for other traders as being greater.

“Most people who want to trade Bitcoin don’t want to get set up on every exchange so that they can sell on whichever one gives the best price at any one time. They want to sell on any given exchange and get a reasonable price that isn’t too far out of line. And that’s what algorithmic trading allows them to do. Without it, you need a human to pick up every one of those trades.”

AG: Given that people with your background and talents are present in cryptocurrency markets, would amateurs be better off not trying to trade at all? How would you recommend someone approach the market if they don’t have the time or programming skill to follow your path?

AGB: “If you just want to invest in cryptocurrency for the long term, just buying some set of them and forgetting about it seems like the right plan.

“But if you do want to trade every day, focus on the things computers are bad at, and make sure you really understand what you’re doing before you stake any money that you can’t afford to lose.”

AG: What are computers bad at, when it comes to crypto trading?

AGB: “Algorithms are still fairly bad at processing news. You need to choose which stories to trust and how much to trust them, and that’s an area where algorithms struggle, even in stock markets that are much more mature.”

AG: Do you have any idea how common algorithmic trading is within crypto markets? Do you know of anyone else who operates similarly to you?

AGB: “I suspect that other people like me exist, but I don’t know anyone in particular. If you watch these markets behave, once you know what you’re looking for, you can see that other people are doing some amount of algorithmic trading.

“For example, you might see an order of an exact size being executed the same way every second. There might be someone sitting in a chair and pushing the same button very precisely, but… it’s probably a computer.”

AG: You’ve grown your trading to an impressive volume after a relatively short time. Are you still seeing rapid growth in how much you trade? Do you expect to hit a natural limit, as you pick most of the low-hanging fruit you can reach with the types of trades you make?

AGB: “It’s possible that I’m currently at a local peak, especially since some of the ‘frothy’ interest in cryptocurrencies from three months ago has disappeared, and overall trading volume has decreased.

“But a couple of exciting-looking events in the crypto world could raise volume a lot, as people come back to the markets. There have been other Bitcoin crashes, but that’s never been a permanent trend. I don’t expect it to be permanent this time, either.”

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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5 stars on average, based on 1 rated postsAaron Gertler is a freelance writer and cryptocurrency dabbler. When he's not writing, he spends his time advising philanthropists on their charitable donations and reading everything under the sun. You can find him on Twitter or on his personal website.




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Bitcoin

Mainstream Adoption of Bitcoin Will Send Price Soaring

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The pain inflicted by the crypto markets has been extreme this year.  It’s become clear that the market ran way too high, way too fast in 2017.  Many traders knew a severe correction was forthcoming, but I doubt many predicted the correction (now a full-fledged bear market) would be this extreme.  While the markets have been painful, Bitcoin (BTC) serves a bigger purpose than just making money in the markets.  To some, that purpose is a worldwide digital currency that can eventually be used to purchase anything.  To others, the purpose is a store of value to prevent against the inflation that plagues FIAT currencies.  Either way, it’s important to remember that this is just the beginning.

Early Phase of Adoption

Bitcoin is still in the very, very early phase of adoption.  Let’s look at the graph below.

The technology adoption life cycle is a sociological model that describes the adoption or acceptance of a new product or innovation, according to the demographic and psychological characteristics of defined adopter groups.

Many consumers still have no idea what Bitcoin is.  When people google the term Bitcoin, they are likely to get the following definition:  Bitcoin is a digital currency that is not backed by any country’s central bank or government.  Bitcoins can be traded for goods or services with select vendors.  But the truth is that Bitcoin can’t be used to buy things that would be useful for most people.   Consumers can’t use Bitcoin to buy groceries, pay the cable bill, pay for medical expenses, buy a car, or purchase a home.  For years, Expedia (one of the world’s largest travel booking engines) allowed consumers to use Bitcoin to make hotel reservations.  But even that was taken away in June.

Clearly, Bitcoin has yet to achieve its intended goal.  Based on the graph above, I can confidently claim that Bitcoin is still in the innovators phase.  In fact, one big innovation in the future may help push Bitcoin into the early adoption phase.

Lightning Network

Although Bitcoin took the world by storm in 2017, one big problem has always loomed large; scalability.  The ability to scale to the required size was a concern when Bitcoin was first introduced to the world and it remains a problem that needs to be addressed.  What does scalability entail?  Well, let’s look at the visual below.

At present, Bitcoin is only capable of processing approximately 7 transactions per second.  Compared to PayPal, Ripple, and especially Visa, Bitcoin needs to improve dramatically.  One way that Bitcoin may be able to perform significantly better is through the lightning network.

It’s currently estimated that the lightning network will have the potential to process 1 million transactions per second.  While that sounds great on paper, it’s still just theoretical.  Once the network becomes operational, its true greatness will be determined.

Conclusion

Although Bitcoin has had a rough 2018, it’s important to recognize that the future still burns bright.  Bitcoin is still in the innovators phase of adoption.  And while the lightning network is set to address Bitcoin’s biggest hurdle, better days are ahead.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4 Reasons Why Traders Shouldn’t Miss Out On ABCC Exchange

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As most crypto traders are aware, 2018 has been a bloodbath beyond anyone’s wildest imagination.  Most, if not all, gains from 2017 have been wiped out.  And while the pain will certainly end at some point, it’s unclear when that will be.  But as Harvey Dent famously said in The Dark Knight, “the night is darkest just before the dawn.  And I promise you, the dawn is coming.”  When brighter times do finally come, trading volume will certainly explode again as old investors return and new investors discover cryptocurrencies for the first time.  A platform that is poised to benefit from that growth is ABCC Exchange.

ABCC Exchange is a world-class digital assets exchange that aims to provide a frictionless, user-centric trading experience. The company is focused on embracing the philosophy of decentralized technology which essentially means open, frictionless and participatory.

The company’s main goal is assisting investors with identifying valuable decentralized technology assets, offering a secure online trading platform and providing professional trading services.  Below are four reasons why ABCC may be on the verge of revolutionizing crypto trading.

Reason #1 – State of the Art Trading Features

While many other trading exchanges have only basic functionality and very limited order types, ABCC is just the opposite.  It’s a state of the art platform that caters to both beginner and experienced crypto traders.  For a while, ABCC offered just its base trading platform.  But on November 2nd, the company launched its beta version of the ABCC Pro.  The Pro version benchmarks with the user experience on top exchanges such as BitMEX.  It also includes the following enhancements:

  • A chart section that includes both candlestick chart and line graph
  • Night mode
  • Enhanced security
  • A “My Assets” section where traders can now view real-time updates in their total assets
  • Full-screen mode
  • Ability to see customer orders directly within the depth
  • 160+ trading indicators
  • Stop loss and stop limit
  • Easy-to-use mobile APP

Crypto volatility has been astronomical during the past few weeks causing traders to spend a lot of time managing their portfolios.  Because of that volatility, traders are always trying to find new ways to risk manage and limit potential losses.  One of the best ways to limit losses is with stop loss orders.  And with seemingly perfect timing, ABCC released the addition of stop loss functionality.

Most crypto traders probably already know what a stop loss is but for those who don’t, here is a quick overview.  A stop loss order is designed to limit an investor’s loss on a position.  For example, setting a stop loss order for 10% below the price at which one bought the crypto asset will limit the loss to approximately 10% should the asset fall to that price level.

As someone who has generally used only the most basic of crypto exchanges, these features are extremely welcome and useful.

Reason #2 – Trading Strategy Competition

Accompanying the release of stop loss functions, ABCC has announced a trading competition in which first place will receive a prize of 2,000 USDT.  The competition is scheduled to begin on December 5 and last for one week.  During the competition, each user will be ranked based upon their rate of return from all trading pairs.  The total prize pool for all competitors is 4,500 USDT.

These competitions are beneficial on several different levels.  It’s obviously beneficial for traders as they get to practice and hone their trading skills on ABCC’s state of the art platform while hopefully doing well enough to earn prizes.  And it’s beneficial for ABCC as it should serve as an opportunity to generate additional revenue through increased trading volume from both existing and new customers.

In August, the company held another trading competition with prizes that included a Tesla, 40,000 USDT, and smaller daily rewards.  So new traders and competitors should expect that the December competition won’t be the last one that ABCC holds.  So if a trader doesn’t do well this time around, keep practicing and perhaps their fortune will change the next time around.

In addition to increased revenue, trading competitions always bring a lot of hype and publicity which should do well toward enhancing ABCC’s brand recognition and ability to serve more customers in the future.

Reason #3 – ABCC Token (AT)

AT, an original token of ABCC Exchange, is mined automatically when ABCC users conduct trading activities via the Trade-to-Mine mechanism. 80% of trading fees from crypto trading and 80% of net profits from options trading are rewarded back to AT Holders in the form of BTC, ETH and USDT.

A new product, Daily Options, was recently launched by ABCC.  This new product also introduces a new use case for AT as traders will be able to make predictions regarding the future price changes of BTC.  ABCC users can expect additional product offerings, such as Daily Options, in the future.

Reason #4 – Vitalik Buterin Endorsement

As blockchain startups look to disrupt industries, it never hurts to have a major endorsement from one of the most prominent figures in the blockchain movement.  Earlier this year, Ethereum founder Vitalik Buterin participated in an interview with Jon Evans at TechCrunch Sessions: Blockchain.  During that interview, Buterin stressed his desire for everything to be decentralized.  Additionally, when the conversation turned toward exchanges, Buterin had this to say: “I definitely hope centralized exchanges go burn in hell as much as possible.”  He said there is no reason whatsoever why some projects need to pay up to $15 million in listing fees just so that people can trade their tokens on centralized exchanges. While it’s still in the early phase for decentralized exchanges, it never hurts to have someone like Buterin on your side.

Conclusion

While the crypto trading environment isn’t what it was in late 2017, the recent volatility has certainly created an opportunity for new exciting platforms like ABCC to fill a void for traders.  One thing not previously mentioned is that ABCC Exchange aspires to list as many good projects as possible.  Unlike other exchanges that attempt to bleed companies dry, ABCC hopes to build strong partnerships and relationships with their listed clients.  Conducting business in this fashion allows both ABCC and the listed projects to grow and prosper together.

The existing platform and the coming enhancements should certainly go a long way to helping traders manage their existing portfolios while simultaneously exploring the market for those undervalued projects that are working on breakthrough technology.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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Bitcoin

Bitcoin Options: Trading Crypto Volatility

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Bitcoin Options

Bitcoin is well known for its volatility.

Whipsaw price movements that defy most technical and fundamental studies. They catch traders off guard and leave them with their heads in their hands while scratching their heads.

While making price predictions on BTC can be tricky, there is a way to trade volatility and uncertainty in a risk-controlled manner. This is through the use of Bitcoin Options.

In this post, I will take a look at Bitcoin Options trading and how it can be used to your advantage.

But first, a short primer…

What Are Bitcoin Options?

For those with no financial background, options are asymmetric payoff derivative instruments. This means that, unlike Futures contracts, they do not have a linear payoff profile. Loss / Profit is capped based on whether you are long or short.

You have two types of options and they are a CALL and a PUT. The latter is an option to sell the asset on some future predetermined date at a predetermined price and the former is an option to buy. The predetermined price is called the “Strike Price” of the option.

When you are buying an option, you have to hand over a premium. This is your maximum loss on the option trade. In the below diagram we have the CALL option compared to a long future position and the PUT option compared to a short futures position.

Left: Long CALL and Long Future. Right: Long PUT and Short Future

As you can see, the maximum loss is the option premium and you have capped your downside risk in both cases. Of course, if you were the person that was selling the options then you would receive the premium and you would be exposed to unlimited downside risk.

Option prices are not just determined by the prevailing price of the asset at the time. They are driven by a number of other inputs such as the Implied Volatility (IV), time to maturity (t), Strike Price (K) and the prevailing interest rates.

All of these factors are collectively called the “Greeks” and they each impact the option in their own unique way. We won’t go into the theory behind option pricing as it is quite complex and beyond the scope of this text.

Benefits of Bitcoin Options

As you can see from the above images, the benefits of a long CALL / PUT are pretty obvious. You can take a view on the price of BTC while still capping your potential loss to the option premium.

For those traders who have traded Bitcoin futures before, you will be well aware of the unceremonious BitMEX liquidations that happen to highly leveraged positions. With a long option, you have more certainty around downside outcomes.

You could also use options to protect positions that you hold in your portfolio. They could also be used by Bitcoin businesses that need more certainty for the future price of BTC (think Bitcoin miners).

There are also a host of trading opportunities that are opened up through the use of option instruments.

For example, you can merely trade on whether you think Bitcoin is likely to be volatile or stable in the foreseeable future. This is generally because of the positive relationship between volatility and the price of an option (premium).

Relationship Between Price and Option Vol. Source: Investopedia

In the above image you have the general relationship between the prices and the volatility of the S&P500 (will be the same with any asset)

The BTC Options Markets

While Bitcoin has grown substantially in the physical and derivative markets, it is still relatively undeveloped in the options markets. There are really only two choices for you if you would like to trade BTC options.

One of these is through the OTC markets using a registered swap dealer. One of the most well known dealers on the market now is LedgerX. They are a CFTC registered Swap Execution Facility (SEF).

However, in order to trade with LedgerX, you need to be an “eligible swap participant”. There are a number of requirements you need to meet in order to be one but one of them is that you have at least $1m in liquid assets.

So clearly, they are beyond the reach of most retail Bitcoin traders.

However, there is a fairly established Bitcoin option and futures exchange called Deribit that offers retail BTC options. They are based in Holland and have been running since 2016. You can read more about them in this Deribit overview.

Ok, enough theory. Let’s take a look at some strategies.

Bitcoin Option Strategies

Option trading is a vast as it is complex and there is a plethora of different strategies that you can employ. While some are beyond the scope of this article, we will take a look at some of the most well known.

These are straddles, strangles and butterflies.

These are mostly used by traders who want to take a view on the volatility of the underlying asset with the price being ancillary to that.

Option Straddle

A straddle is a strategy where the trader will enter a position of a CALL and a PUT at the same strike price with the same expiry. If you are buying the CALL & PUT then it is a long straddle and if you are selling then it is a short straddle. Below is an image of the payoffs.

Long and Short Straddle Payoffs. Source: The Options Guide

As you can see from the above graphs, the long Straddle is Long volatility and the short straddle is short VoL. If there is a large movement in the price of BTC then you will make money with the long straddle and vice versa for the short.

So, for example, over the past month Bitcoin was really quite stable. The implied volatility was below that of even the S&P500. If you had entered a straddle you could have earned the return of the CALL and the PUT premium. Of course, if it had gone the other way you would have had an unlimited downside.

Most often, to get the full “delta” of the price movement in the option, the trader will strike the option at-the-money. This can be quite expensive as it requires purchasing both a CALL and a PUT. Taking a look at current pricing for expiry in a month from now, that would cost almost 10% of your notional.

Hence, in order to cheapen the cost of for the Long Vol trader and to lessen the risk for the short Vol trader, an option strangle trade is done.

Option Strangle

A strangle still involves entering two different option types but they are struck at different strike prices. They are both struck out-of-the-money so they are slightly cheaper to enter. The result is the payoff given in the below diagram.

Long and Short Strangle Payoffs. Source: The Options Guide

As you can see, the dynamics works much the same. The trader that is long volatility will get paid if there are extreme movements in the price of Bitcoin. However, there is a lower Delta in the position so the change in price will be less pronounced.

The short strangle position will get less initial payment for the options however they are protected from downside risk for a particular range of BTC prices. Yet, you are still exposed to unlimited downside risk in the event of extreme market moves.

How do you limit this?

Option Butterfly

Butterflies are constructed by using four different options. They can be implemented in a number of ways from using 4 different CALLs (two long two short) to using 4 different PUTs or a combination.

Below is an image of a long butterfly payoff. Perhaps quite confusingly, this is a short volatility strategy that is similar to the short straddle / strangle. This is in the below image on the left.

Long and Short Butterfly Payoffs. Source: The Options Guide

With this payoff, the trader that is short volatility will be protected from the downside risk that they could face with the straddle / strangle. In the case of the long volatility strategy, it can be called a short butterfly spread and it will have the payoff on the right.

While this may be slightly confusing to the uninitiated trader, there are a number of online resources that can help you understand these instruments better. For example, the options guide let’s you construct strategies and breaks them down into components.

If you wanted to try these out in a risk free way, Deribit also offers a demo account with demo funds on their test-net trading platform. If you do decide to trade them live, it goes without saying that these are still risky instruments and you should follow money management best practices.

Conclusion

The Bitcoin Options markets are the final frontier for a complete derivative market. They not only provide a method to limit risk but they also introduce a range of different strategies.

Indeed, given that the markets are still quite nascent, there are not that many outlets to trade them. Even on Deribit, there is a lack of liquidity in some of the Out-of-The-Money options.

However, as more financial institutions get involved in Bitcoin markets, you can be sure that option providers are likely to follow suit.

Perhaps we could one day even see CBOE listed and exchange traded Options.

Featured Image via Fotolia

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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5 stars on average, based on 9 rated postsNic is an ex Investment Banker and current crypto enthusiast. When he is not sitting behind six screens trading Bitcoin, he is maintaining his numerous mining rigs.




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