According to Crypto.News, Nasdaq’s International Securities Exchange (ISE) has submitted a request to increase the trading cap for BlackRock’s iShares Bitcoin Trust ETF (IBIT) options from 250,000 to 1 million contracts. This is the second such request from Nasdaq ISE, following a tenfold increase earlier this year. The exchange argues the move is necessary to meet growing institutional demand and support legitimate trading strategies. Meanwhile, Deribit, the leading crypto options exchange, reported a record $50.27 billion in BTC options open interest and nearly doubled its 2024 trading volume. The U.S. Securities and Exchange Commission (SEC) is currently reviewing the request.
Nasdaq ISE Seeks to Raise Bitcoin Options Trading Cap to 1 Million Contracts
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