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Bitcoin Options Market Still Afraid of USDC Volatility

By: ZippyB

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Bybit and Deribit calculate the payoff or profit/loss from the options trade, referencing the dollar value of the underlying asset (BTC). However, at Deribit, the actual settlement is paid in BTC, while Bybit uses USDC. Settlement refers to resolving the contract between trading parties through exchange of cash or actual underlying asset.



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