Bitcoin Press Release: Cutting-edge Bitcoin Options and Futures Exchange QUEDEX is the first platform to offer consistent bitcoin-denominated futures and options, announcing its open beta launch.
18th December, 2017, Gibraltar, European Union: As CBOE and CME Bitcoin Futures are introduced, Quedex Bitcoin Futures and Options Market emerges with its Bitcoin-centric trading platform. Bitcoin derivatives traded on regulated fiat exchanges (CME, CBOE) are products designed for those who don’t want to have bitcoins in their portfolio. Quedex steps in with full range of Bitcoin-denominated derivatives that are perfectly tailored to the needs of the crypto economy. On the top of that, Quedex boasts professional trading platform with top-tier security and unique risk management system.
Bitcoin-centric instruments
While the launch of the CME bitcoin derivatives is generally very positive for the recognition of Bitcoin, CME & CBOE products are not that useful to the cryptocurrency community on their own. Bitcoin-denominated derivatives align much better with crypto-traders and hedgers alike, since most of them don’t want to divest from cryptocurrency.
With Quedex, traders who go long Bitcoin can reap additional gains on the top of the growth of BTC price. Conversely, while clearing institutions warn about the permanent risk of short CME futures positions, Quedex short sellers will never get margin called when fully collateralized. In addition, Quedex operates 24/7, thus avoiding the weekend gap risk which is present on fiat-centric markets like CME or CBOE.
Futures, Options and Volatility
It is a well known fact that derivatives markets help to calm market fluctuations. However, futures markets, while very liquid, allow traders only to speculate directly on the price. When it comes to hedging, futures allow only static freezing of the dollar value of the bitcoin portfolio. Options are necessary for those who want to protect themselves from downside risk, while keeping the profit potential of their coins. In addition to that, options allow profiting from both upsides and downsides simultaneously – in other words, to trade Bitcoin volatility, in addition to trading the price.
This opens up a whole new set of possibilities for active traders. Now it is possible to create a comprehensive position for almost any market scenario. Many more strategies wait for traders to be applied in every market condition, and Quedex will facilitate these trades for years to come.
Consistent Market
Options on Bitcoin have a long history, appearing on the scene in 2011, even earlier than futures markets. It has been a bumpy road, however. One of the reasons lies in the construction of the bitcoin options:
“It is very important that the options are consistent with the prevailing inverse futures standard. Only that way active traders can easily hedge their option positions with futures or apply put-call parity in options arbitrage”, Matt Wywial, Cofounder of Quedex, explained.
“Quedex is the first one to offer bitcoin-denominated futures and options consistently, each with $1 notional amount”.
With Quedex, crypto-futures traders can easily add the new instruments to their futures portfolio, and hedge the options with Quedex futures as well as on other liquid markets seamlessly. Both futures and options are settled in Bitcoin and no fiat deposits are necessary. All this is beefed up with up to 25x leverage!
“Quedex bitcoin options have even more potential to be the hedging tool of choice for the bitcoin miners, as buying a put option allows them to fully retain the growth potential of bitcoin and without touching fiat money.”, Matt Wywial explains.
Security Features
Quedex was built with ultimate security as a goal, boasting a unique risk management system which employs balancing auctions as a protection against market manipulations, cascading margin calls and flash crashes. Traders’ funds are held in 100% cold storage wallets secured with multi-sig technology, requiring physical access to the signing devices of multiple parties to withdraw any funds.
All the traffic between the client and the trading engine is protected by end-to-end PGP encryption with authentication based on private-public key digital signatures, a concept that protects Bitcoin itself.
Reputable Jurisdiction
Quedex is located in Gibraltar, European Union member state, who are very friendly to Bitcoin & Blockchain. Quedex aims to be regulated under Blockchain & DLT regulations coming on 1st January 2018. At the same time, account creation is extremely simple and takes less than a minute.
How Will Quedex Excel?
- Consistent bitcoin-denominated options and futures market, compatible with the industry standard.
- Options allow trading and hedging volatility risk regardless of the direction of the price move.
- No barriers to entry – $1 contract size for futures and options; In contrast, CBOE has 1 BTC, CME 5 BTC.
- Advanced risk management allowing 25x leverage.
- Top-tier security with end-to-end encryption and multi-sig cold storage.
- Reputable jurisdiction friendly to Bitcoin and Blockchain.
- Free trading on all products until the end of January 2018.
Visit the Quedex Bitcoin Derivatives Exchange: https://quedex.net/
Create a Quedex Account: https://quedex.net/webapp/auth/register
Follow Quedex on Twitter: https://twitter.com/quedexnet/
Media Contact
Contact Name: Matt Wywial
Contact Email: [email protected]
Location: 4th Giro’s Passage, GX1 11 AA, Gibraltar
Quedex is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest
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