- Onchain crypto options platforms are picking up steam.
- The October 10 crash made crypto options strategies viable as a way to generate yield.
- Builders say they can provide more features than their centralised rivals.
The October 10 crypto market crash wiped out $19 billion of perpetual futures leverage and triggered a near 50% collapse of cryptocurrencies’ total value.
However, one part of the industry seems to have benefited from market contraction: onchain crypto options trading platforms.
“It’s one of the best things that’s happened for us,” Nick Forster, CEO and co-founder of onchain options app Derive, told DL News. “It laid bare that perps aren’t the be-all and end-all in terms of financial instruments.”
Finally, after…
