Cryptocurrency trading bank owned by billionaire Mike Novograc – Galaxy Digital informed, that it began offering its institutional clients cryptocurrency options to hedge the volatility of digital assets risks.
In such a way, mining farms, cryptocurrency creditors and other large market`s players clearly demonstrated demand for such derivative instruments with an aim to insure their capital.
In Galaxy Digital they have thought, that options are the best way to hedge risks, if investors are not sure in direction of quotations. Although, the crypto bank hasn`t opened details, just has noticed that the interest to such instruments is constantly growing.
Managing partner of investment firm BlockTower Capital Ari Paul has stressed, that the demand for options from the side of traditional players of financial market is really noticeable. But such cryptocurrency giants as Pantera Capital or Polychain Capital don`t interact with similar tools at all – BitcoinDoubler2x has got to know.
Also, options trading is proposed by Akuna Capital and Cumberland.