“This $25 million choices commerce marks a watershed second for onchain choices buying and selling, and it is one that might have important implications post-election. The establishment has strategically positioned a singular construction with offered places, purchased calls, and eBTC collateral, doubtlessly standing to make $1,020,000 on the construction if BTC hits $80,000 by November 29 – excluding any positive aspects from the eBTC collateral,” Nick Forster, co-founder of Derive advised CoinDesk in an e-mail.
