Amidst the worst bear market in the 10-year history of the crypto market, Bitcoin traders have pivoted from long-term strategies to derivatives and options. According to a Bloomberg report, individual Bitcoin traders, as well as many initial coin offering (ICO) projects and investment firms, are engaging in over-the-counter (OTC) derivatives trading. Hundreds of Millions of Dollars in Bitcoin Derivatives Outside of the crypto exchange market, investment firms like QCP have actively been trading derivatives with other entities within the digital asset sector. The report revealed that QCP has initiated several multi-month call options with counterparties such as ICOs and miners.
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