Here's why November 19 could be historic for Bitcoin.

The launch of Bitcoin spot options in the United States marks a crucial milestone for the crypto market. Scheduled for November 19, 2024, this event could transform market dynamics and attract a new wave of institutional and retail investors.

Bitcoin spot options launch in the United States!

Bitcoin spot options are financial derivatives that allow investors to buy or sell shares of Bitcoin ETFs (exchange-traded funds) at predetermined prices. Unlike Bitcoin futures contracts, which are largely used to speculate on the future price of the asset, spot options allow for greater flexibility.

They offer traders the ability to buy or sell bitcoin at a predetermined price before a specific expiration date, without the obligation to complete the transaction. This feature is particularly attractive to investors looking to protect themselves against the extreme volatility of the crypto market.

This launch is therefore particularly significant as it introduces a new layer of liquidity and sophistication to the crypto market, which is still largely underdeveloped in terms of derivatives products.