The introduction of Bitcoin ETF (Exchange-Traded Fund) options marked a milestone for cryptocurrency markets. These new instruments set records in trading volumes, drawing significant interest.

Binance CEO Richard Teng, leader of the world’s largest cryptocurrency exchange by volume, explained the effects of options trading on crypto markets, “Options trading is poised to enhance liquidity in the crypto ecosystem by providing additional tools for hedging and speculation. Institutional players, who often seek sophisticated risk-management instruments, may find options particularly appealing. By of...