Startups Finding Their Way Amidst Bearish Trends in Crypto Banking
As Bitcoin’s market sentiment turns bearish, a lot of startups in the crypto banking sector are getting creative on how to navigate this volatility. One thing that’s caught my eye is the rise of Bitcoin put options. It’s kind of a big deal, and it’s giving startups the tools they need to create risk management strategies and crypto payroll solutions that fit the current market. Let’s dive into it.
Bitcoin Options: What Are They?
Just to break it down for those who might not be familiar, Bitcoin options are these financial contracts that let investors buy or sell Bitcoin at a set price before a certain date. Recently, put options, which let traders hedge against price drops, have made up a crazy 28% of daily market volume, which is…
