BlockFills, in collaboration with CoinDesk Indices, has launched options tied to the CoinDesk 20 Index (CD20), aimed at providing institutional liquidity to the digital asset market. The CD20 Index, established to track the performance of leading digital assets beyond Bitcoin (BTC) and Ether (ETH), allows traders to speculate not only on price direction but also on volatility and time. This expansion into options trading comes as institutional interest in crypto derivatives grows, shaped by the bull market surrounding Bitcoin. In this launch, digital asset manager Hyperion Decimus executed the first transaction, indicating early institutional participation. Perry Parker, head of options trading at BlockFills, emphasized the demand from institutional players for a foundational reference index to facilitate trading and performance measurement. Chris Sullivan of Hyperion Decimus noted the options market as a unique tool for professionals managing crypto portfolios, allowing for both hedging and directional trades. The introduction of options is expected to enhance liquidity and provide sophisticated trading opportunities within the digital asset sector.

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