Options-only DEXs are fading out and evolving as platforms add perps for directional trading and hedging. The market opportunity is massive with Deribit processing $4B+ daily in options while leading perps platforms see $20B+.
That's incredible room for growth for the options space as a whole. The real winner of this dex arms race will offer a complete derivatives suite with both perps and options access. While options already lead tradfi in terms of notional traded, they're just starting to catch on with retail crypto traders after strong institutional adoption.
So where do the opportunities lie?
Platforms that simplify the learning curve will unlock this massive untapped market of traders ready to level up their game. Kyan aims to capture this opportunity with its October Testnet launch covering options, perps, and eventually spot trading, built on @Arbitrum.
Crypto options are a goldmine waiting to explode.
Written in collaboration with @thinkingvols 🔷
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