Crypto options trading may find a champion with Hxro, BTIG says: At the Open

A network based on Hxro, a gamified binary futures platform, is "an easy on-ramp to the cryptocurrency space for retail investors" for crypto's "next major frontier" of options trading, BTIG says.The Hxro Network, pronounced "hero," is set to go live in early July.Founders Dan Gunsberg and Rob Levy will bring "a decentralized liquidity network being built on the Solana blockchain that will provide the infrastructure for a fully functional decentralized exchange for vanilla, exotic and pari-mutuel options markets," Mark Palmer, BTIG FinTech analyst, writes in a note today."Crypto options markets, while nascent, have been growing at an exponential rate," Palmer says. "Derebit (Private), the leading options trading platform for cryptocurrencies, during 1Q21 posted over $2bn in daily bitcoin options volume.""At the same time, a robust, decentralized options trading solution has yet to materialize despite various attempts, with projects running into various roadblocks including prohibitive trading costs due to high network