Coinut Offers Bitcoin Options Trading with up to 2 Months Hedging

Singapore-based Coinut has developed a bitcoin options trading exchange that gives traders the ability to hedge bitcoin for up to 2 months.

Coinut founder Xinxi Wang said:

Options [are] an indispensable part of the Bitcoin world. They are attractive nonlinear speculation tools for you to make profit on Bitcoin price, and they are also the ultimate risk hedging tools for you to handle the high volatility of Bitcoins.

With a platform available in English and Chinese, Coinut offers European style vanilla and binary options for traders. The company says that exchange is different from other binary option sites as it provides freedom of choosing different strike prices.

Coinut is currently part of Boost VC in San Mateo California, which soon concludes with the demo day taking place on October 6th, 2015.

Although not in abundance, Bitcoin options trading is offered by general options trading platforms like Nadex, UFX or Anyoption, and more targeted exchanges like Bx.in.th, Simplefx, Alt-Options and BTC Oracle. Like Coinut, Thailand’s Bx.in.th offers options to hedge months in advance.

New York-based LedgerX is currently awaiting regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate the first U.S. regulated exchange  and clearing house for trading bitcoin options.

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