In the summer of 2016, Bitmex introduced the first perpetual swap. An instrument that would radically transform the way crypto was traded, shifting the majority of the trading volume from spot to futures, and making vanilla futures seem almost redundant.
We believe that a similar innovation is about to take place in 2023 and 2024. This time around, it will be in the options space. Everlasting options will gradually replace their vanilla counterparts, and drive trading volume from futures towards options.
Why? Because derivatives with expiries don't tend to work well when liquidity is as fragmented as it is in crypto. The crypto futures market was simply too small to have dozens of different futures expiries - just like the current crypto options market is too small to have dozens of different expiries and strikes.
At Everstrike, we are radically changing the way people trade options. By shifting trading from vanilla options to floating-strike everlasts, we are greatly reducing liquidity fragmentation in the crypto options space, and drastically lowering execution costs for both individual traders and for institutions.
First Platform To Implement Everlasting Options
First Platform To Implement Floating Strikes
IV/HV-Dependent Strikes Coming In Q2 2023
EVIX (Everlasting Volatility Index) Coming In Q3 2023
Andrew has been a full-time derivatives trader for almost half a decade. Prior to founding Everstrike, he founded Timberdale Trading, a proprietary trading firm specializing in high-frequency market making of crypto futures and options, and grew the firms trading volume from $0 to $1bn on Binance and Deribit.
While Andrew was trading options on Deribit, he stumbled upon the Everlasting Options whitepaper by Dave White. Realizing that this could be the solution to the liqudity fragmentation plaguing the options markets on Deribit, Andrew scaled down the operations at his trading firm, and founded Everstrike. The rest is history.
Help expand Everstrike's trading interface, while keeping everything sleek and minimal.View Job
Attend to issues that our customers are facing, and provide them with valuable, non-robot-like help.View Job
Help us spread the word about everlasting options. Lead our social media campaigns, and drive growth.View Job
Write engaging and educational content on floating-strike everlasting options and their unique mechanics.View Job
Work in close collaboration with our frontend engineers to improve the UX of Everstrike's trading interface.View Job
Implement new and exotic derivatives in code. In this position, you are at the forefront of financial innovation.View Job
An everlasting option can be thought of as a basket of smaller options - each of which have the same strike price but expire at different times in the future.
Let's explore the greeks of an everlasting option. How does its unique properties affect the gamma, theta, vega and delta of the option?
Professional market making is a lot more than just quoting a two sided spread. Read about some of the tricks that the pros use, and how they avoid getting run over.
If you need help with setting up your account, have questions about the platform or experience any technical difficulties, please do not hesitate to contact us. We generally answer within 4 hours.