Difference between revisions of "Bitoption"
(Create article for Bitoption and add to category Exchanges.) |
(Mention that options traded are European style (execute only on expiration).) |
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A market where traded are options to buy and sell bitcoins at future points in time. | A market where traded are options to buy and sell bitcoins at future points in time. | ||
| − | The option exchange is still considered Beta and some changes to how trading occurs are still possible. As of June 19, 2011 the option expirations occur weekly. All options written are backed by full escrow committed by the option writer at the time the option was offered. Funds in escrow are held in the organization's account with [[MtGox]] exchange. | + | The option exchange is still considered Beta and some changes to how trading occurs are still possible. As of June 19, 2011 the option expirations occur weekly. Options are listed following European style (exercised only at expiration) though some options following the American style traded back when that method was allowed will still be seen until they expire. |
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| + | All options written are backed by full escrow committed by the option writer at the time the option was offered. Funds in escrow are held in the organization's account with [[MtGox]] exchange. | ||
The exchange completed its first weekly expiration on June 16th, 2011<ref>[http://forum.bitcoin.org/index.php?topic=9611.msg224815#msg224815 Re: Bitoption.org -- ESCROWED LIVE Bitcoin Options Trading]</ref>. | The exchange completed its first weekly expiration on June 16th, 2011<ref>[http://forum.bitcoin.org/index.php?topic=9611.msg224815#msg224815 Re: Bitoption.org -- ESCROWED LIVE Bitcoin Options Trading]</ref>. | ||
Revision as of 17:58, 22 June 2011
A market where traded are options to buy and sell bitcoins at future points in time.
The option exchange is still considered Beta and some changes to how trading occurs are still possible. As of June 19, 2011 the option expirations occur weekly. Options are listed following European style (exercised only at expiration) though some options following the American style traded back when that method was allowed will still be seen until they expire.
All options written are backed by full escrow committed by the option writer at the time the option was offered. Funds in escrow are held in the organization's account with MtGox exchange.
The exchange completed its first weekly expiration on June 16th, 2011[1].
See Also
- Call Options using ClearCoin Escrow on #bitcoin-otc marketplace
External Links
- Bitoption web site
- Bitoption status thread
