Skip to main content
24 October, 2024

Major Institution Makes $25 Million Bet on Bitcoin Options Ahead of US Election

24 October, 2024

Strategic Move: Institution Bets Big on Bitcoin Options

In a bold move ahead of the US election, a major financial institution has placed a $25 million bet in Derive’s onchain options market. The institution, known for its sophisticated investment strategies, deployed a multi-legged strategy, leveraging the unique capabilities of the onchain options platform.

This significant transaction highlights the growing institutional interest in Bitcoin and the increasing sophistication of onchain options trading. The Derive platform, known for its transparency and security, provides a compelling alternative to traditional options markets, attracting institutional players seeking greater control and efficiency.

The timing of this bet, coinciding with the US election, suggests a strategic maneuver to capitalize on potential market volatility. The outcome of the election could have a significant impact on Bitcoin’s price, making options a valuable hedging tool for institutions.

This move further solidifies the emergence of onchain options markets as a major force in the cryptocurrency ecosystem. As more institutions embrace this technology, we can expect to see even larger bets and more complex strategies deployed in the future.