Derivatives have begun gaining a lot of traction in the world of cryptocurrency. They are interesting trading instruments, all things considered, although not every cryptocurrency is suited for them. This is why BitMEX is exploring the quanto option, which is a very different type of derivative.In some cases, the financial sector requires providers to step off the beaten derivatives path and launch a slightly altered version. A quanto is a derivative whose underlying asset is denominated in a currency which differs from that in which the instrument’s settlement occurs. Quantos are not that uncommon, although they have not existed in the cryptocurrency world for that long.