BounceBit has officially launched PrimeDerivatives, a decentralized Bitcoin options trading platform built directly on its Layer-1 network.
The new platform supports both call and put options on bBTC and BB tokens, allowing traders to hedge positions, speculate on volatility, or execute complex strategies without leaving the BounceBit ecosystem. All contracts are settled in bBTC, eliminating the need for off-chain intermediaries.
PrimeDerivatives offers customizable strike prices, flexible expiry dates, and a fully transparent on-chain order book. The integration of automated risk engines ensures margin requirements are dynamically adjusted based on market volatility, reducing the risk of sudden liquidations.
Liquidity is supplied by both retail and institutional participants, with early data showing an average daily volume of $12 million within the first week of operations. Traders benefit from low fees, fast settlements, and BounceBit’s secure custody layer, which leverages multi-signature vaults.
This launch further solidifies BounceBit’s ambition to become a Bitcoin-native financial hub, offering everything from spot and yield products to complex derivatives under one roof.
