According to ChainCatcher, the crypto options exchange Deribit announced new options on Tuesday, allowing traders to effectively manage their Bitcoin and Ethereum positions against the backdrop of the results of the US presidential election on November 4. The new BTC and ETH election expiry options (8 November US ELECTION Expiry) will begin trading at 16:00 on July 18.
Jeff Anderson, senior trader at STS Digital, said: “The US election is the focus of risk assets (including cryptocurrencies), which will have a dual impact on fiscal policy and financial stability. Options are an important tool to hedge this uncertainty, so it is a natural move for Deribit to launch this themed product.”
“These options will allow traders to make adjustments before, during and after the election, with a three-day buffer after the election results come out,” said Laurent Kssis, crypto ETF expert at CEC Capital. “It’s a great way to get leverage and hedge risk at the same time.”
