Will On-Chain Options Ever Take Off In DeFi?
Over the last few years, trades of options contracts have been exploding. In fact, 2022 marked the third consecutive year in which contracts in single-stock and index options in the U.S. set a new record, more than doubling from where they stood only three year ago. Last year marked the first time U.S. stock options surpassed 10 billion contracts in a year. However, while options are also available on cryptocurrencies, they remain far behind stock options in popularity. According to Wave Financial, the daily crypto options volume has hovered just below $1 billion on centralized exchanges. Q4 2...