BitMEX CEO Arthur Hayes might launch Crypto Options Platform in the near future

Speaking on what the future holds for his firm at a recent interview, Arthur Hayes, co-founder, and CEO of all big crypto derivatives trade — BitMEX, also made it known that the company is seeking to start a cryptocurrency choices platform. Hayes made his comments through an interview about the Venture Coinist podcast on April 12.

Hayes — a former equities dealer for Citigroup — signaled a demanding deadline for the potential launch, saying that:

“We hope to possibly have our own options platform in maybe 12 to 18 months.”Hayes hinted at aspirations to innovate options listing, saying “we have somebody working with some university professors on a complicated new way of doing this.”

What's more, Arthur Hayes disclosed the market is expecting to allow folks to put money into S&P 500 and favorite Nasdaq stocks utilizing bitcoin with no'Bitcoin-USD danger” and there are not any strategies in place to get a native cryptocurrency.

Speaking further about the initiation of the crypto alternative stage, Arthur Hayes who had been formerly an equities dealer for Citigroup estimated that job will probably get completed in over 12-18 months.

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Options are a kind of financial derivative which give a purchaser the best — although not the duty — to purchase or sell an asset at an agreed cost in future. They're made to function as plans for hedging, speculation or protection in various market conditions.

BitMEX was set in 2014 and now sees near $1.1 billion in daily traded volume, which makes it among the planet's biggest crypto trades by documented quantity. As a derivatives-only stage, it's, nevertheless, not contained in CoinMarketCap's cost and quantity averages for Bitcoin (BTC).

As previously mentioned, Hayes has predicted which Bitcoin will contact the $10,000 price point this season, expecting the industry recovery will start in early Q4 2019.

Alongside its own trading platform, BitMEX also conducts research to the crypto business, in January releasing that a study on the effect of this 2018 keeps market on ICO jobs' nominal holding valuations.