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Institution Takes $25M Hedge Bet on Derive's Bitcoin Options Market as U.S. Election Looms

The strategy will profit most if BTC rises to $80,000 by the end of November.

Updated Oct 24, 2024, 7:52 a.m. Published Oct 24, 2024, 7:49 a.m.
Donald Trump and Kamala Harris on screen at a Presidential debate. (Kevin Dietsch/Getty Images)
Donald Trump and Kamala Harris on screen at a Presidential debate. (Kevin Dietsch/Getty Images)