Bullish Launches Bitcoin Options Trading With Major Institutional Partners Including BTC and ETH Derivatives

Bullish (BLSH), the NYSE-listed digital assets platform and parent company of CoinDesk, is set to launch cryptocurrency options trading starting October 8. The platform will introduce Bitcoin (BTC) options margined and settled in USDC stablecoin, featuring European-style contracts with expiries from three weeks to three months. Each contract will represent one full BTC. Future plans include Ethereum (ETH) options and other digital asset indices. The launch is supported by a consortium of leading market makers and institutional partners including Galaxy Digital, Wintermute, and Cumberland. Bullish's unified margin system allows traders to access spot, futures, and options through a single account with portfolio margining and risk offsets, enhancing capital efficiency for institutional clients. The platform has processed over $1.5 trillion in cumulative volume since its 2021 launch.