"Altcoin Options Trading Surges… Active Short-term Bets on XRP, Dogecoin, etc."

Minseung Kang

Summary

"It was reported that options trading for major altcoins such as XRP and Dogecoin (DOGE) is surging."
"According to the options trading platform PowerTrade, investors are adopting a 'momentum trading' strategy, betting on short-term price fluctuations."
"Traders are mostly focusing on options with short maturities, which is analyzed as a response to high short-term volatility."

As volatility in the virtual asset (cryptocurrency) market increases, there are observations that options trading for major altcoins such as XRP and Dogecoin (DOGE) is surging.

According to the social news platform YoloWire on the 11th, the options trading platform PowerTrade stated, "Recently, short-term options trading in the altcoin market is rapidly increasing," and "market participants are adopting a 'momentum trading' strategy, betting on short-term price fluctuations."

In particular, in the case of XRP, it was recorded that the options trading volume on the platform surpassed $5 million (approximately 7.1 billion KRW) over the past week. Additionally, investors are actively participating in options trading for Solana (SOL) and Dogecoin (DOGE).

PowerTrade analyzed, "Traders are mostly focusing on options with short maturities," adding, "This seems to be a response to the high short-term volatility across the stock and virtual asset markets."

XRP

DOGE

SOL