June 21 (Cointime) - Investors are preparing for Bitcoin's fourth mining reward halving, which is set to occur in April 2020 and will reduce the pace of supply expansion by 50%. Deribit, the world's largest crypto options exchange, has decided to list June 2024 expiry futures and options a week early to meet user demand.
Derivatives desks and dealers use futures and options to reduce their overall capital requirements and hedge their exposure. Bitcoin's halving has historically caused price rallies leading up to the event, followed by pullbacks.
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