PANews reported on November 23 that Jeff Park, Chief Investment Officer of Bitcoin treasury firm ProCap and advisor at Bitwise, analyzed that Bitcoin's implied volatility has never exceeded 80% since the FTX crash. The closest it came was in March of last year, when the spot Bitcoin ETF experienced continuous inflows, but now the indicator has returned to pre-ETF listing levels. According to data disclosed by Jeff Park, among Bitcoin options expiring on December 26, the $85,000 put option open interest (OI) is the largest, approximately $1 billion, higher than the $125,000 call options ($620 million), $140,000 call options ($950 million), and $200,000 call options ($720 million).


BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more
