Cryptoverse: Is bitcoin out of the woods? Consider the options


FILE PHOTO A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8 2021. REUTERSDado RuvicFile Photo

FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic/File Photo

(Reuters) - Have bitcoin and ether finally turned a corner? It's looking that way, if crypto options traders are anything to go by.

The volume of bitcoin options traded on Deribit, one of the leading exchanges for crypto-focused derivatives products, jumped 82% in January versus December, according to crypto market maker OrBit Markets. Ether options swelled 38%.

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