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Luuk Strijers, CEO of Deribit, said he is skeptical about the sustainability of many crypto trading platforms due to regulatory pressure. He said: "I think a lot of platforms will cease to exist, so rather, I think the regulatory framework will be strengthened globally and make many of the platforms in the current huge list no longer viable, either because the operating costs are too high or...
Luuk Strijers, chief executive of Deribit, said: "As we approach the US election, we are observing heightened market expectations, with around $3 billion of unpositioned squaring contracts currently due to expire on November 8, with bitcoin call options having strike prices of $70,000, $75,000 and $80,000 respectively, indicating relatively strong bullish sentiment." (TheBlock)
Deribit CEO Luuk Strijers said derivatives traders are bracing for a bullish move in Bitcoin in the days following the US election on November 5. He added that data showed that twice as many call options on Bitcoin expired on November 8 as put options, the first option to expire after the US Presidential Election. Strijers said: "For options expiring on November 8, the unpositioned squaring contract is worth more than $2 billion, with major strike prices of $70,000, $75,000, and $80,000.
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