Rumble Kong League is a blockchain-based mobile 3x3 basketball game. Players use NFT characters to compete and rank in an online sports league.

Interested in fast-paced basketball games with exciting rewards? 

 attempts to combine the world of sports gaming with cryptocurrency technology. This entertaining concept takes the play-to-earn aspect of 

 and adds more complex gameplay with a focus on sports culture. 

 certainly stands out from other web3 games, which tend to be based on RPGs, shooters or card games. But can it attract users? To see whether this game will likely be the next big thing, here's what you need to know.

 is a blockchain-based mobile basketball game. Players use 

 characters to compete in 3x3 basketball matches and rank in an online sports league. The game involves a blend of strategy and skill, and league winners can earn impressive prizes.

 has been in development since 2021, when it was first created by Marcus Blasche and Nick Vale. Blasche has worked with Activision Blizzard and Wargaming, while Vale is a veteran of indie gaming. Intrigued by the potential applications of blockchain technology, the two decided to create a complex and engaging web3 game. 

 has obtained numerous prestigious backers, raising over 

 from JDS Crypto, Animoca Brands, IDEO CoLab Ventures and others. Moreover, the game is being promoted by NBA stars Stephen Curry and Paul George. The 

development team also includes acclaimed muralists, algorithmic trading experts and experienced software developers. 

What Does Rumble Kong League aim to achieve?

Rumble Kong aims to create a complex, in-depth blockchain sports game. Many web3 games are simple “clickers” that rely on basic mechanics, such as drawing cards and automatically generated artwork. However, Rumble Kong's creators wanted to create a game that felt more like traditional basketball. The game's development period was longer than usual, due to its broad range of mechanics and distinctive art style. 

. By incorporating real NBA players in its promotion, 

 believes it can attract more customers. Instead of just relying on word-of-mouth praise from web3 fans, it plans to reach out to traditional sports fans and esports gamers. 

 is primarily a game, it’s also an advanced gaming ecosystem running on a multisport platform that will eventually encompass multiple games. Account holders receive access to Athlos, a digital 

 city with a street for each gaming brand and athlete experience. 

The content and interface that users experience are run by traditional software, similar to standard AAA games. However, the ecosystem has a blockchain background that provides more technical services, such as tracking player points and storing player assets. 

Initially, there were plans to run the game’s network on Avalanche, but after considering its options, 

, an Ethereum sidechain specifically designed for gaming that offers particularly low fees and fast transactions. 

 provides the following exciting features for players to enjoy.

 is similar to that of a basketball game. Teams of three try to shoot baskets and score points, and players can be default characters or special NFTs with unique abilities. As you play, you can choose between individual actions, such as passing the ball, sprinting, blocking shots and shooting. In addition to playing matches, users can watch tournaments, interact with each other socially and design player-created content.

The Rumble Pass lets players join a seasonal progression system. Once you sign up for this features, you're guided through a broader narrative. As you win matches, you unlock exclusive quests. Fulfilling all the requirements of the Rumble Pass gets you exclusive rewards and loot boxes. Rumble Pass is essentially the casual mode of 

, so you can play for fun instead of competing in serious league games.

 uses NFTs for a variety of purposes. Players who own NFT characters can equip them with special on-court abilities. Brand collaborators, such as Gatorade and Under Armour, also offer special NFT collections that provide branded gear for their characters. Currently, 

 has spent the past four years developing and designing its game and recruiting reputable spokespeople like NBA stars Stephen Curry and Paul George. Now that it's successfully completed several beta tests and a soft launch of its gaming system, 

, with plans to add the FAME token and other related services to the game throughout the spring of 2025. 

Once the league system, FAME rewards and game stores are all launched, 

 will be expanding its game with exclusive quests. Eventually, it plans to branch out and add more sports-themed games centered around games such as American football.

Before the FAME token launched on Mar 11, 2025, 

 to its dedicated players. People who participated in activities like the Sigma League and earned points had their in-game FAME points translated into FAME cryptocurrency. Those who had participated in the SocialFi campaign online were also eligible for the airdrop. All they needed to do was visit the 

 website and connect their wallet to automatically get tokens added. 

FAME stands for "The Future of Athletics, Media and Entertainment," and it's the token used for everything from rewarding plays for completing exclusive quests to buying items in the online shop. The token is an Ethereum-based coin with a 

 that will be distributed to six different parties:

While there’s not yet any pricing history for the incipient FAME token, it can be helpful to take a look at the pricing history for 

 NFTs, which have a floor price of around $300 and an 

 has usually sat in the middle of the market. 

Likewise, the company's FAME coin is unlikely to be as pricey as a token like Bitcoin, or as cheap as a typical meme coin. It will most likely start out with a price in the range of a few cents, and may increase in value if it can generate enough hype.

Currently, pre-market trading sites have FAME sitting at around $0.02, which may provide a good estimate of the coin's launch price. FAME does feature a high total supply, however, which may bring prices down a little as more coins are released.

No one can guarantee FAME's debut price, but this hasn't abated crypto influencers’ excitement. Thanks to the game's ties to Animoca Brands, Stephen Curry and other prestigious names, it's already attracting people who are interested in sports culture. For most new coins, this sort of online buzz is a good thing. It can often indicate higher prices when a coin eventually launches. Furthermore, the token has a lot of utility, since FAME rewards are such a big part of the game. This type of utility usually helps to stabilize coin prices.

However, keep in mind that FAME is still untested at this point. 

has been in development for a while without actually releasing a coin, and its soft launch is still ongoing. Furthermore, the crypto market as a whole has been experiencing some insecurity lately. Since it's impossible to predict how volatility will affect FAME, make sure to avoid overextending yourself and putting too much of your portfolio into FAME. As always, be sure to 

 has the potential to create a truly entertaining sports game for basketball fans. This impressive ecosystem is backed by NBA stars such as Stephen Curry and includes some exciting gameplay options. 

 has already had some success with its Sigma League and soft launch, and the upcoming release of the FAME token signifies more big things for the brand. 

Intermediate

rumble kong league.png

Rumble Kong League (FAME): Slam-dunking into esports with Ronin

Thailand’s SEC has approved USDT as a regulated cryptocurrency, allowing trading on local exchanges starting March 16. 

Daily top performer — IOST Network (IOST)

The S&P 500 fell by 2.7%, hitting a multi-month low as recession fears and tech selloffs weighed on markets. Investors are awaiting US inflation data for further insights. Gold remained below $2,900, with further declines likely as investors await US CPI data and the BoC rate decision. The Coindesk Indices, which tracks the broader crypto market, fell by 6.32%, with Bitcoin and Ether down by 4.44% and 8.66% in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is IOST, which surged 27.6% following the IOST Airdrop Campaign Details.

IOST Network (IOST), launched in 2019, uses "Proof-of-Believability" to enhance scalability. It expanded into DeFi, NFTs, and plans a decentralized stablecoin to strengthen its ecosystem. 

, distributing 852.8M tokens (4% of supply) to eligible holders. Users with at least 1,000 IOST by March 15, 2025, qualify. Distribution will occur over 48 months, with details varying by platform. More participants may be added. Stay updated via 

Check out the latest prices, charts, and data of 

 as a regulated cryptocurrency, allowing trading on local exchanges starting March 16. The move enhances flexibility in digital asset businesses and reinforces Thailand’s position as a crypto-friendly jurisdiction. With USDT accounting for 40% of local trading volume, the approval supports market modernization and stablecoin adoption.

Yesterday, BTC spot ETFs saw $189.2M in outflows, with GBTC losing $20.6M and non-GBTC funds shedding $168.6M.

 is set for April, marking a major milestone for the Web3 gaming platform. Leading up to TGE, key events include Launchpool #3 (March 17–31), the Community Airdrop (March 10–31) for Mystery Marble (MM) holders, and Airdrop Season 3 (March 17–April), allocating 1% of total supply. Users can earn SQUAD Coins through pre-launch events and weekly challenges. Stay tuned for more updates as GOMBLE expands its gaming ecosystem.

Beginner

4.png

Thailand SEC approves USDT trading to boost crypto adoption

bbSOL HODLverse is a staking rewards event that allows Bybit users to earn LAYER tokens by holding bbSOL in their Bybit Exchange and/or Bybit Web3 Wallet.

The world of crypto staking continues to evolve, offering innovative ways for users to earn passive income. One such opportunity is bbSOL HODLverse, an exclusive week-long event during which users can hold 

 and earn LAYER tokens without additional effort. With a 2,000,000 LAYER prize pool, participants can accumulate rewards simply by holding bbSOL in their Bybit Exchange account and/or 

In this article, we’ll explore what this event is all about, learn how you can obtain bbSOL and participate and help you decide whether to join this campaign.

Running from Mar 11, 2025, 12AM UTC through Mar 20, 2025, 11:59PM UTC, 

 is a staking rewards event that allows Bybit users to earn LAYER tokens by holding bbSOL in their Bybit Exchange and/or Bybit Web3 Wallet. 

The concept behind bbSOL HODLverse is simple: the more bbSOL you hold, the greater your share of the LAYER airdrop. To understand the mechanics of the event, let’s break it down step by step:

Now that you have a better understanding of how the event works, learn below how to earn your share of the 2,000,000 LAYER prize pool.

As outlined previously, you have two ways to participate in bbSOL HODLverse: hold bbSOL in your Bybit Exchange account, and/or your Bybit Web3 Wallet.

Before you can get started with this event, you’ll first need to create a Bybit account, and then ensure that you’ve already obtained bbSOL. If you don’t already have an account with Bybit, you can follow our sign-up guide 

How to obtain bbSOL with Bybit On-Chain Earn

: Log in to your Bybit account and hover your cursor over the 

: Indicate the amount of SOL you’d like to stake/amount of BBSOL you’d like to receive, and ensure that all fields are filled in correctly before clicking 

Congratulations! You’re now holding bbSOL.

: Log in to your Bybit account and navigate to the Spot trading platform by hovering your cursor over the 

: Search for the available bbSOL Spot trading pairs by hovering your cursor over the three horizontal lines.

: Choose your preferred bbSOL Spot trading pair (

), and input the amount you’d like to purchase in the trading pane on the right side. Once you’ve filled in the necessary details, click on 

How to check rewards if you have bbSOL in your Bybit Exchange account

 and scroll down until you see the snapshot. 

Here, you’ll be able to see the snapshot amount of your bbSOL holdings each day, as well as the estimated number of LAYER tokens you’re eligible to receive.

Navigate to the Bybit Web3 homepage and connect your Web3 Wallet by clicking on the 

 button on the top right corner of the page.

Once you’ve connected your Bybit Web3 Wallet, hover your cursor over the 

Enter the amount of SOL you would like to purchase in the order pane on the right side of the page, and click on 

Once you’ve purchased SOL, hover your cursor over the 

On the right side of the page, indicate the amount of SOL you would like to stake and click 

Congratulations, you’ve obtained bbSOL!

How to check rewards if you have bbSOL in your Bybit Web3 Wallet

. Alternatively, you can also choose to navigate to the 

tab and you’ll be able to see your bbSOL holdings, as well as the estimated LAYER rewards you’ll be able to receive.

Participating in bbSOL HODLverse is an attractive option for users who are already staking SOL or holding bbSOL. This event provides an easy opportunity to earn additional LAYER tokens without requiring extra effort or active trading. Furthermore, you don’t have to manually register for the event; as long as you’re holding bbSOL during the event period, you’ll be eligible!

One of the biggest advantages of bbSOL HODLverse is that it offers a passive way to earn crypto rewards. Since rewards are distributed based on daily snapshots of holdings, there’s no need to actively trade or stake beyond simply holding bbSOL. In addition, unlike traditional staking programs, there’s also no lockup period, meaning users are free to withdraw or trade their bbSOL at any time during the event.

Overall, bbSOL HODLverse stands out as a hassle-free way to maximize rewards while maintaining full control over your holdings. With no additional requirements beyond holding bbSOL, it offers a flexible and low-risk opportunity for participants to earn LAYER tokens. 

bbSOL HODLverse is a straightforward and rewarding event for Bybit users looking to maximize their crypto holdings. By simply holding bbSOL, participants gain access to a 2,000,000 LAYER prize pool, with no complex staking requirements.

With automatic daily snapshots, effortless participation and seamless reward distribution, bbSOL HODLverse offers you a passive and low-risk way to earn crypto rewards. If you qualify for participation, it’s a great opportunity to grow your portfolio.

bbsol hodlverse.png

How to participate in bbSOL HODLverse

Cardano Spot ETF approval would signal ADA’s integration into mainstream finance, mirroring BTC and ETH's paths. Learn more here.

Grayscale Investments, in its latest bid to expand its crypto-focused portfolio, has filed for a 

 (ETF). Now under the SEC’s review, the proposal has the potential to thrust ADA into the spotlight of mainstream finance. It promises to provide regulated exposure to Cardano’s market value, offering a gateway for traditional investors to tap into the growing cryptocurrency ecosystem. As the SEC reviews the application, investor optimism is rising, and ADA has already experienced notable price surges. 

This article explores how this move could redefine Cardano’s future, connecting the world of decentralized innovation with traditional financial markets and positioning ADA as a key player in the fast-paced digital economy.

A Cardano Spot ETF is an investment vehicle that directly holds Cardano (ADA) tokens and mirrors their market price, empowering investors to capture Cardano’s value without the complexities of buying and managing the cryptocurrency directly

A Cardano Spot ETF would provide direct exposure to Cardano (ADA) by holding the underlying cryptocurrency itself, rather than derivatives or futures contracts, in order to capture ADA’s market performance in a secure, regulated framework. This innovative structure bridges traditional finance with the dynamic ecosystem of digital assets, and would allow investors to tap into Cardano’s potential without managing digital wallets or navigating the complexities of cryptocurrency exchanges.

ADA is the native currency of the Cardano blockchain, one of the largest networks primarily used for 

. Cardano empowers developers to build secure, scalable 

 solutions, and the ADA token facilitates 

 transactions and is used within the network for 

A Cardano Spot ETF would be established as a trust, with a dedicated custodian ensuring the secure storage of ADA tokens. For instance, in Grayscale's proposed Cardano ETF, Coinbase Custody Trust Company, LLC is tasked with safeguarding digital assets. Experienced administrators — in this case, BNY Mellon Asset Servicing — will oversee the fund's day-to-day operations, and handle critical functions such as valuation, accounting and regulatory reporting in order to ensure compliance with industry standards.

The ETF’s value would be meticulously linked to the market price of ADA through an index that aggregates prices from reputable cryptocurrency exchanges, such as Coinbase, Crypto.com, Bitfinex and Kraken.

Upon receiving regulatory approval from the US Securities and Exchange Commission (SEC), shares of the Cardano Spot ETF would be listed on major stock exchanges such as NYSE Arca. This listing will allow investors to buy and sell shares via traditional brokerage accounts, providing a familiar and regulated avenue for cryptocurrency investment. Operating under stringent regulatory oversight, the ETF would ensure transparency, security and adherence to applicable laws, ultimately offering a streamlined and secure method for investors to participate in Cardano’s market movements.

On Feb 10, 2025, Grayscale Investments filed a 

 with the US Securities and Exchange Commission (SEC) to launch a Cardano Spot ETF, aiming to offer investors regulated exposure to ADA. The SEC formally acknowledged this filing on Feb 24, 2025, kicking off a review process that includes a public comment period. The review period allows up to 180 days for an initial decision — though extensions are possible, if the need arises. Historically cautious (due to concerns over market manipulation and investor protection), the SEC’s shifting stance, highlighted by approvals of 

, suggests a potential shift toward a more accommodating regulatory framework. (Polymarket analysts put approval odds at 64%.)

The market response to Grayscale’s proposal has been notably positive, with ADA’s price surging approximately 

 in 24 hours following the announcement, outperforming both BTC and ETH. This upward movement signals confidence in the ETF’s potential to integrate Cardano into traditional financial markets, and also reflects robust investor optimism and heightened institutional interest.

While the SEC’s decision on Grayscale’s Cardano Spot ETF is still pending, the combined effect of progressive regulatory action and favorable market sentiment highlights a promising future for Cardano. This development continues to strengthen the link between conventional financial systems and the innovative world of digital assets, reinforcing ADA’s standing as a leading blockchain asset in an ever-evolving market landscape.

Current impact of Cardano Spot ETF applications on the crypto market

Grayscale’s initiative to launch a Cardano-focused ETF has ignited robust investor interest, with ADA experiencing a substantial price surge that even outpaced major cryptocurrencies Bitcoin and Ethereum. This development reflects heightened optimism about Cardano's integration into mainstream financial products, and also signals a broader acceptance of digital assets within traditional investment frameworks.

At the same time, President Trump’s declaration to establish a US crypto strategic reserve — which notably includes Cardano, among other cryptocurrencies — has further propelled ADA's value, with reported increases 

. This move, aimed at incorporating key digital assets into the nation’s financial infrastructure, provides a robust endorsement of Cardano’s market relevance. 

The interplay between the ETF application and the announcement for a planned crypto strategic reserve has created a synergistic effect: while the ETF filing laid the groundwork for positive sentiment, the governmental initiative amplified investor confidence, culminating in a more pronounced price rally. 

What will it mean if a Cardano Spot ETF application is approved?

The SEC's approval of a Cardano Spot ETF would mark a pivotal moment in the integration of cryptocurrencies into mainstream finance. It would offer enhanced accessibility, liquidity and legitimacy to ADA, while also setting the stage for broader acceptance and development within the digital asset ecosystem.

Looking to capture the market and trade ADA tokens? Bybit offers the 

The potential approval of a Cardano Spot ETF represents a pivotal step toward mainstream legitimacy for ADA, mirroring both Bitcoin and Ethereum’s regulatory milestones. While the SEC’s decision remains pending, heightened investor confidence — evident in ADA’s price surges and institutional interest — signals optimism about Cardano’s integration into traditional finance. Approval would enhance accessibility, liquidity and ecosystem growth, positioning ADA as a competitive blockchain asset. 

Coupled with broader initiatives, such as that for a 

, these developments underscore Cardano’s rising prominence in merging decentralized innovation with regulated financial frameworks.

cardano etf.png

Cardano Spot ETFs: Boosting ADA's ETF market share

Bybit Learn

Options

Delta hedging is an advanced risk management strategy that allows investors and traders to offset downside risk by using options contracts. Learn more here.

If you're new to long-term trading and investing, you'll likely encounter instances when a catalyst causes huge volatility in your portfolio. While this might be acceptable for risk-tolerant individuals who are investing in growth-oriented assets, it's often advisable for investors to take up hedges to mitigate the risk exposure in one's crypto portfolio. That's where 

Curious as to how hedging works and how advanced investors take this to the next level with delta hedging? Find out how fund owners are limiting their risk exposure and engaging the use of 

 with our beginner's guide to delta hedging in crypto portfolios.

Before diving headfirst into the world of delta hedging for crypto portfolios, it's key to first grasp the mechanics of hedging prior to discussing the use of derivatives to execute such a risk management strategy. 

For the uninformed, hedging strategies are similar to adopting an insurance policy for your vehicle in a road accident–prone area. While you can't entirely avoid the possibility of getting into a road accident when there's an inherent risk with driving in the area, you can cushion the potential blow with a hedging risk management strategy. Although mitigating the risk does cost a part of your profit, it's definitely a worthwhile cost if the volatility causes you to lose a huge portion of your portfolio.

While hedging includes the use of any financial instrument, investors often employ the use of derivatives because of the clear relationship between the portfolio asset and the contract from which it derives. By using derivatives like options contracts, delta hedging comes into play. From delta-neutral positions to hedging your underlying position, here's everything you'll need to know when it comes to learning about the in-depth mechanics of delta hedging your portfolio.

For those new to options trading, you'll certainly want to read up on our comprehensive 

 first before embarking on this journey to educate yourself about options. For starters, delta is one of the four 

, and is a useful risk metric that estimates the change in price of an options contract, given a $1 or basis point change in its underlying asset. This means that for every $1 that the asset rises, the option price rises by the delta amount. 

That said, it's important to understand how delta works for underlying assets and their derivatives. 

 have a positive delta that ranges from 0 to 1, with at-the-money calls having a delta of 0.5. Conversely, 

 have a negative delta that ranges from −1 to 0, with at-the-money puts having a delta of −0.5. Meanwhile, underlying assets like stocks and crypto have a delta of 1.

Now that we understand the basics of delta, let's move on to delta hedging a crypto portfolio with calls and puts. For the following section, we'll be classifying the options into three distinct categories and listing specific delta hedging examples so you're aware of how you can delta hedge your crypto portfolio accordingly.

In-the-money options refers to derivative contracts with both intrinsic and extrinsic value. When exercised, these contracts have strike prices that are favorable when compared to the current market price for an asset. This means that at expiration, traders who own the contract will be able to either buy the asset at a lower price or sell it at a higher price, depending on whether the option contract is a call or put contract. More on this will be explained below.

In-the-money call options are purchased by traders because they believe the market price of the asset is currently undervalued, and will exceed the current strike price of the asset at expiration. For example, if the current market price of ETH is $1,770, buying an in-the-money call means purchasing a call option with a strike price of $1,700 or less. When the call option expires, you'll be able to buy 1 ETH at a discount of $70 or more because the contract expired in-the-money.

Let's say you're already short 3 ETH. To hedge this position, we could look at an in-the-money contract, such as the 1500c ETH 28042023 option that has a delta of 0.81. To delta hedge your position, you'll want to buy 3 of these ETH calls. This is so the negative delta of the ETH short position is partially balanced out by the call you've just purchased. Specifically, your delta exposure is reduced to 0.57, or by about 81%.

Conversely, traders tend to buy put options because they think the market price of an asset will be lower than the strike price of the put contract at expiration. For example, if the current market price of ETH is $1,770, buying an in-the-money put means purchasing a put option with a strike price of $1,800 or more. When the put option expires, you'll be able to sell 1 ETH at a premium of $30 or more because the contract expired in-the-money.

As the price continues to fall for ETH, the premium for these put options will appreciate as they become more in-the-money. The reverse is also true, as the puts tend to become less valuable if the price of ETH appreciates.

Let's say you've already bought an ETH put, and want to delta hedge your ETH put contract. To begin, you'll first want to consider its delta. For reference, we'll be using the 2000p ETH 28042023 contract that has −0.67 delta. To properly delta hedge this position, you'll need to place a long order of 0.67 ETH.

As previously mentioned, at-the-money calls and puts have a delta of 0.5 and −0.5, respectively. Using the example of options contracts for ETH, buying an at-the-money call or put means purchasing contracts that have an $1,800 strike price. You'll notice that while both contracts don’t have exactly 0.5 and −0.5 delta, they still numerically add up to 1.

To set up a delta hedging strategy, simply short-sell 0.52 ETH if you're longing a call, or buy 0.48 ETH if you're longing a put.

Out-of-the-money options refers to derivative contracts with only extrinsic value. At expiration, if the current market price of the asset isn't above the strike price of the call option or below the strike price of the put option, then the option 

. This ultimately makes the price of these options contracts dependent upon their time to expiration. 

In terms of options Greeks, this is where theta comes into play, with each passing day contributing to the decay of the option. Understanding theta decay aside, here's how you can delta hedge your positions when trading out-of-the-money option contracts.

The good thing about trying to delta hedge out-of-the-money call options is that you'll require less capital to offset the directional risk of these option contracts. This is mainly because of their low delta value, whereby their option premiums vary less when there's a dollar change in the underlying asset price. In this case of ETH out-of-the-money calls, let's look at hedging a 2000c ETH 28042023 contract. With a delta of 0.33, you'll only need to short-sell 0.33 ETH in order to delta hedge your position.

Similarly, due to their low delta value, delta hedging out-of-the-money put options is less capital intensive. To delta hedge a 1500p ETH 28042023 contract, you'll need to buy 0.18 ETH to balance out your positions.

If you've gone through our previously mentioned examples, you'll realize they're a mix of partial delta hedging — where a percentage of the directional risk is mitigated — and full delta hedging, where the net delta exposure is zero. For portfolios with net zero delta, delta neutrality is achieved. Thanks to the careful balancing of positive and negative deltas, traders can end up with a delta-neutral position that takes into account potential upcoming catalysts and short-term risks.

Benefits of Delta Hedging Your Crypto Portfolio

The most important aspect of delta hedging your portfolio is that it can be profitable for you if you hedge strategically. By taking into account the aforementioned theta decay and lower implied volatility upon the passing of a major catalyst, option premiums tend to fall over time. This can play into your favor if you're using hedging options as a short-term way for you to mitigate volatility.

The second benefit of delta hedging is that it allows you to protect your portfolio from downside risk without causing you to close or trim your positions. After all, time in the market beats timing the market — so trying to constantly enter and exit positions can prove costly in the long run, as your portfolio can be affected by 

Risks of Delta Hedging Your Crypto Portfolio

That said, delta hedging does come with some downsides. Although it can be beneficial for your portfolio, delta hedging can prove costly, thanks to the constant position tinkering involved. This can result in costly transactional fees and wasted time as you're concurrently balancing deltas and making sure the portfolio is delta neutral.

Another understated risk of delta hedging is the fact that hedging is ultimately subjective — which can result in overhedging. This is a situation where traders preemptively overtime the downside risk and spend excess to hedge their portfolio. The end result is a huge delta hedge that eats into profits without taking into account the directional risk involved.

Is It Profitable to Delta Hedge Your Crypto Portfolio?

There's much discussion to be had when it comes to profitability from delta hedging one's portfolio. As previously mentioned, it can be healthy for your crypto portfolio if you're delta hedging, but it requires keen decision-making and knowledge of options mechanics to make it worthwhile. Ultimately, the decision to delta hedge your crypto portfolio comes down to your personal preference, and whether the potential profit and protection from volatility are worth the time and effort you put in.

All in all, delta hedging should definitely be attempted if you're well-versed in both options trading and the mechanics that go into their premium pricing. While seen as a huge time sink by some, delta hedging acts like actively managed insurance for more risk-conscious investors and traders. Since it requires constant vigilance and up-to-date information on the markets, delta hedging is certainly not for the faint of heart. However, look past its intricacies and you'll discover a hugely useful risk-mitigation strategy that shields your portfolio from downside costs, without the risk of unwinding your existing positions.

For more on learning about options, please check out our in-depth article that covers the mechanics of 

. Alternatively, if you're interested in mastering risk management, our guide to 

 will suit your needs. Get started with trading 

What Is Delta Hedging & How Does It Work In Crypto?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards